Manglam Group , Real Estate firm is investing Rs 150 crore to develop a commercial complex, in Jaipur, comprising 3.1 lakh square feet of office & retail spaces, to meet never stopping demand from corporates and retailers.
The project is being commenced at Narayan Singh Circle in Jaipur, Rajasthan under the name of ‘Manglam Signature Elite’.
The project comprises nearly 170 units to be build by the firm , dedicating three floors for retail and ten floors for corporate offices.
The available space per unit ranges from a starting area of 735 square feet to a maximum area of 20,000 square feet.
Approx 6 months will be taken by the realty to complete this project.
Notably , Westside a leading apparel retail chain by Tata group has already signed leasing agreement with the firm.
Mangalam group is actively investing in projects , as the firm has recently announced a luxurious residential project in Jaipur, namely ‘Mangalam Rambagh’ Project , with an investment of Rs 200 crore.
“We are investing Rs 150 crore to develop this project. We are selling office and retail spaces. We are also helping customers in the leasing of spaces,” Manglam Group Director Amrita Gupta told PTI.The company has already sold 75 per cent of the total area , she added & told that they are expecting a revenue of around Rs 200 crore from this project.
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