SRAM & MRAM Group commits $100-mn investment in India realty sector
SRAM & MRAM Group has committed to invest $100 million in real estate projects across India. The company has signed an agreement with Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) who have existing and upcoming real estate projects across major Indian cities. With the latest investments, SRAM & MRAM Group is looking forward to their collaboration with Indian partners. Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group informed that the investment would be carried out in a phased manner through SRAM & MRAM Technologies Limited, which is a wholly-owned subsidiary of SRAM & MRAM Technologies & Resources Limited. The company said that $6 million will be invested in GBP Group's CENTRUM project by Area Group and further investment will be made in projects in Gurugram. The real estate market in India has a lot of promise, and its association is a proof that the sector is moving in the right direction in the country. SRAM & MRAM, Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) have merged. SRAM & MRAM are their financial arm, and these three companies will work together to develop group housing, commercial projects, multiplex, townships and hotels in Delhi NCR, Chandigarh, Panchkula, Mohali and New Chandigarh.
📅Published on:
07 June 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
