Ashtech Group, primarily known for its work in construction materials and infrastructure development, is set to enter the real estate sector with a luxury housing project in Greater Noida.
The project, valued at Rs 1,800 crore, will be developed on a 5.6-acre plot, which the company acquired for approx.Rs 300 crore. This marks the company's foray into luxury real estate after its involvement in sectors like fly ash bricks, AAC blocks, ready-mix concrete (RMC), pre-engineered buildings, and large-scale infrastructure projects.
Sumit Agarwal, Director of Ashtech Group, has highlighted the company's strong track record in allied sectors as a foundation for its new real estate venture. The luxury housing project is set to be a significant addition to the real estate landscape in Greater Noida.