Mangalam Group launches Luxurious Commercial Project in Jaipur

Rajasthan based Mangalam is set to invest Rs. 150 crore capitals in the development of a commercial project in Jaipur. On both sides of 310,000 sq ft, the commercial project will deal out roughly 25 percent of the area for retail space, at the same time as the remaining portion will be the house offices.

Gupta, Director, Manglam Group & President of CREDAI Rajasthan women's wing, expresses cheerfulness about Jaipur's potential as a lucrative investment destination for tier 2 cities which refer to the prime location of the project.

Mangalam Signature Elite, the commercial venture is scheduled to be equipped by the month of June 2024 and is anticipated to contribute to the sales of the group targeting Rs. 200 crore by 2024. Through 75 percent of the project area already booked, the company has earned noteworthy interest from the local & nearby city investors by adding up this Luxurious project.

Contributing to a resourceful spaces ranging from 735 sq ft to 20,000 sq ft, Manglam Signature Elite intends to put up businesses of different sizes. Remarkably, the project has secured a rental agreement with a renowned apparel retail chain under the Tata Group, Westside for its ground and first floors.

In adding up to this commercial undertaking, Mangalam Group has commenced the Manglam Rambagh Project, a luxurious residential development in Jaipur, with an investment of Rs. 200 crore. Through a remarkable track record of bringing 22,990 units across townships & residences, adding 421.98 lakh sq ft by March 2023, the venture brags 69 completed projects & 24 enduring ventures.