Jaipur Real Estate: Luxury Residential Unit With Rs 200 Crore Investment Unveiled

Jaipur-based realty developer Manglam Group has announced an investment of Rs 200 crore for a residential project ‘Manglam Rambagh’ at Jagatpura in Jaipur. The company said this gated township is a premium project with meticulously designed features and facilities.

“Spanning across an expansive 2.2 acre of prime land, the Manglam Rambagh Project offers a haven of 114 flats spread over six floors, each meticulously curated to cater to the epitome of luxury living. The flat types include 3 or 4 BHK flats and 5 or 6 BHK penthouse, boasting spacious dimensions ranging between 2370 sqft to 6120 sqft,” Manglam Group said in a statement.

Amrita Gupta, director of Manglam Group, said Manglam Group is at the forefront of forging a sustainable and green future, and the Manglam Rambagh Project exemplifies this vision. This marks the company’s maiden venture entirely dedicated to the green building concept.

Gupta added that the company is not just building homes, it is also cultivating a greener lifestyle and nurturing a healthier tomorrow. The company’s commitment extends beyond luxurious living; it encompasses environmental responsibility.

“The project incorporates eco-friendly features and innovations that reduce our carbon footprint and promote sustainable practices. This milestone underscores our dedication to pioneering environmentally conscious real estate solutions, shaping a future where luxury harmonises seamlessly with sustainability, ushering in a brighter and greener tomorrow,” said Gupta.

The luxurious abodes are competitively priced, ranging between Rs. 1.38 crore to Rs. 3.73 crore, offering a comprehensive range of amenities that redefine the art of living. The project boasts a sprawling 700 sqyd garden area that serves as a serene escape amidst nature’s bounty. Residents can also indulge in the grandeur of the 1.66-acre luxurious clubhouse that adds a touch of sophistication to their lifestyle. The Group is expected to generate Rs 100 crore in sales by March 2024 and an additional Rs 90 crore by March 2025 from this project.

“Strategically located, the Manglam Rambagh Project offers unrivalled connectivity to key areas of Jaipur, including Malviya Nagar, Tonk Road, Sitapura Industrial Area, and Ramchandrapura Industrial Area. Commuting convenience is further assured with proximity to prominent landmarks like the 7-number bus stand (1.3 km), NRI Circle (1.5 km), Jaipur International Airport (8 km), and St. Mary’s School (200 meters). With a focus on holistic living, the project has been designed to adhere to Vastu principles, enhancing the overall harmony of the living spaces. The open Brahma Sthaan of the project resonates with positive energy, creating an environment of tranquillity,” Manglam stated.