New Delhi, June 8
Delhi-based real estate developer Avani Infratech has announced plans to invest approximately ₹750 crore over the next five years to develop three projects in Haryana’s Gurugram and Sonipat as part of its expansion strategy.
The company said the proposed projects will be launched during the current financial year and will form a key part of its growth roadmap in the National Capital Region and surrounding markets.
Avani Infratech, which has already developed several projects, including an industrial township, is aiming to strengthen its footprint in Haryana’s real estate sector through a mix of upcoming developments.
According to the company, the planned investment will support project execution, infrastructure creation, and future development activities across the proposed sites.
The developer currently holds a land bank of more than 300 acres, which it intends to utilize for upcoming residential, commercial, and mixed-use projects in the coming years.
Company officials said the new developments are aligned with its long-term expansion plans and are expected to cater to the growing demand for quality real estate in emerging growth centres such as Gurugram and Sonipat.
With the launch of these projects, Avani Infratech is looking to expand its presence in Haryana while leveraging its existing land reserves for future development opportunities.
The company said further details regarding the projects, including their configuration and timelines, will be announced as the launches progress during the financial year.
The allotment status of Reliance’s Jio Platforms IPO was finalised on October 26, with shares…
Hyundai Motor India is scheduled to launch the Hyundai Bayon on October 26, with bookings…
Bikanervala opened new outlets in Mohali and Melbourne simultaneously on Friday, adding to its presence…
Traders and industrialists in Punjab have raised concerns over limited business opportunities, alleged threats and…