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Manglam Group is expected to register sales of Rs 200 crore by 2024 from this project. With 75% of the project area already booked, Manglam Signature Elite has received interest from both locals and investors from nearby cities.
Manglam Group is expected to register sales of Rs 200 crore by 2024 from this project. With 75% of the project area already booked, Manglam Signature Elite has received interest from both locals and investors from nearby cities. The available spaces range from a starting area of 735 sq. ft to a maximum area of 20,000 sq. ft, providing flexibility to businesses of various sizes.
In the last couple of years, the residential market has come out of a long period stagnancy in prices. Attracted by the prospect of capital gains, the residential market is currently witnessing huge participation from investors, according to international property consultant Cushman & Wakefield.
With end users wishing to acquire property and existing owners upgrading, developers nationwide have observed an increase in demand throughout the holiday season, particularly in tier 2 cities and vacation locations. New locations such as Panchkula, Meerut, Karnal, and Panipat are seeing a sharp increase in demand for residential real estate.
The Mangalam Group, based in Rajasthan, plans to invest Rs 200 crore in a luxury residential project in Jaipur. The Rambagh Project, spanning 2.2 acres, aims to generate sales of Rs 100 crore by March 2024 and an additional Rs 90 crore by March 2025. The project will consist of 114 flats across six floors and will focus on eco-friendly features and sustainable practices. The Mangalam Group already has several completed and ongoing projects, including resorts, a medicity, and an amusement park.