The Delhi-based company has developed few projects so far, including an industrial township, and holds a land bank of more than 300-acre for future real estate projects.
Synopsis
The Delhi-based company has developed few projects so far, including an industrial township, and holds a land bank of more than 300-acre for future real estate projects.
Realty firm Avani Infratech will invest around Rs 750 crore over the next five years to develop three projects at Gurugram and Sonipat in Haryana as part of its expansion plan.
The Delhi-based company has developed few projects so far, including an industrial township, and holds a land bank of more than 300-acre for future real estate projects.
In a statement on Monday, Avani Infratech said it will launch three projects this fiscal.
The company is preparing to launch an integrated residential and commercial project at Sonipat in September with an estimated investment of Rs 100 crore.
In October this year, Avani Infratech will launch a group housing project in Sohna Sector 2 in October 2026, with an estimated investment of Rs 300 crore.
Live Events
Also, the company is adding another industrial township at Sonipat-Kharkhouda in July 2026. The total size of the township is 50 acre. In Phase 1, the company will launch a 12 acres project with an investment of Rs 350 crore.
Rahul Agarwal, Founder of Avani Infratech, said, "Since there is limited land development potential remaining across metros and big cities, Tier 2 and Tier 3 micro-markets are emerging as the next major opportunity for real estate growth, both from affordability and quality development perspectives."
With improving infrastructure, rising aspirations, and increasing demand for organised communities, these regions are playing a significant role in shaping India's next phase of urban development, he added.
Agarwal said the company plans to continue strengthening its presence across growth corridors including Sonipat, Sohna, and Goa.
Avani Infratech, which is part of RASA group, has delivered six projects to date, covering more than 11 lakh square yards across residential and infrastructure-led developments.
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
How new securities law changes the definition of depositories
To cut or not to cut: What happens to Air India free-meals as losses swell
Different eras, but current rupee slide has elements of 1991 crisis
Melting mountains: Can India defuse 189 looming flood risks in Himalayas?
Wafers to war: Vinay Dube on how Iran crisis is hitting Akasa
India's new GDP yardstick: What changed, what did not, and what every investor should now read differently
1
2
3