Mangalam Group Investing Rs 200 cr in Luxury Residential Project in Jaipur

Introduction

Aiming to live a life of luxury with an eye on a sustainable and green future, the Mangalam Group has invested Rs. 200 crore investment has been announced. A leading real estate company from Rajasthan is developing a housing project in the Jagatpura area of Jaipur.

Mangalam Group Investing Rs 200 cr in Luxury Residential Project in Jaipur

The gated township is expected to be completed by December 2024, and some of the concrete designs have been done. Mangalam Group has explained in a press release that it will have new features and facilities.

By March 2024, the real estate major had raised Rs. 100 crores in sales, and by March 2025, another Rs. 90 crores target had been set.

Manglam Group: Luxury Housing Project Amenities

The residential project comes with a blend of luxury, innovation, and sustainability. It also suggests Mangalam Group dedicate the venture to the green building concept.

“We don’t just build houses. We promote a green lifestyle and a healthy tomorrow. Our commitment goes beyond luxury living; it includes environmental responsibility. This project has eco-friendly features and innovations that can reduce our carbon footprint and promote sustainable practices,” Mangalam Group Director Amrita Gupta said.

The residential project is spread over 2.2 acres of prime land. A total of 114 flats are spread over six floors. It consists of 3 or 4 BHK flats and 5 or 6 BHK penthouses. They have spacious dimensions ranging from 2370 sq ft to 6120 sq ft.

Each flat will be allotted at least two reserved car parking spots out of a total of 250 reserved parking spaces. Along with a garden area and a luxurious clubhouse, the project adds sophistication to the residents’ lifestyle. He said that the cost of the flat would be Rs. 1.38 crore to Rs. 3.73 crore.

Among other features, the project has unparalleled connectivity to key areas of Jaipur including Malviya Nagar, Tonk Road, Sitapura Industrial Area, and Ramchandrapura Industrial Area.

About the Manglam Group

Founded by Nand Kishore Gupta in 2008, Mangalam Group has so far completed 22,990 units spread across townships, residences, and more. It has a total area of 421.98 lakh sq ft as of March 2023. Besides real estate, the group is engaged in other ventures, such as Mangalam and Sectors.

Conclusion

Aiming to redefine luxury living, the Mangalam Group has announced a Rs. 200 crore investment has been announced. It is also a good choice for those who are looking for luxury residential properties. For more information, visit Openplot.

Also read: Mumbai Real Estate Prices May Come Down as Residential Supply Increases

Scroll to Top