Ashtech Group, a Delhi-NCR leader in construction materials, dives into real estate with a Rs 1,800 crore luxury housing project on a 5.6-acre plot in Greater Noida, bought for Rs 300 crore. Leveraging expertise in fly ash bricks, AAC blocks, and infrastructure, the firm eyes first phase launch amid booming sector post-2022.
Migsun Group is investing ₹426 crore in a mixed-use project in Lucknow, featuring studio apartments and retail spaces. The project, approved by RERA, targets both investors and end-users.
Marib Holdings LLC announced a Rs.18,400 cr. ($4 billion) space city project in Chikkaballapur, 90 km from Bangalore, to feature residential, business, and entertainment options.
DLF threatens to withdraw from the ₹33,000 crore Dankuni township project in West Bengal due to land acquisition delays and lack of progress, posing another challenge for the state government alongside the Singur issue.
Uttorayon township in Siliguri, a collaborative project, has completed two phases and is set for a 2011 completion. The project includes hotels, a hospital, and a mall, with most flats already sold.