Rajasthan

01 Dec 2009 Editorial Team

Upcoming commercial projects
Commercial real estate in Rajasthan is quite vibrant. The capital rates are far less as compared to Delhi and Mumbai; which has attracted an array of business organisations, who are looking at Rajasthan; especially Jaipur, as a potential commercial hub.

According to recent estimates, Jaipur is facing a shortage of more than 2,000 hotel rooms; leaving room for hoteliers to expand on their projects there. Similarly other projects like SEZs and shopping are being developed in prime commercial areas of Vidhyadhar Nagar and MI Road. These include:

l. GTM Techno Tower: This project by the GTM Group over 3 acre in Jaipur will comprise 2 blocks of G+2/3 blocks having spaces for corporate offices with all basic facilities. It will complete in December 2011.

2. Neemrana SEZ: This multi-product SEZ will be developed by Ansal API on 2,500 acre in Neemrana with an investment of Rs 6,553 crore.

3. Nasal Royal Plaza: Nasal Plaza will be located on the proposed six-lane Expressway between Krishna Garth and Aimer Collectorate. Spread over 3 lakh sq ft it will house a 5-acre amusement park and a 60-room hotel.

Upcoming residential developments
The housing and residential real estate segment in Rajasthan is growing from strength to strength. Not just end-users, but investors too are pumping money into the state, keeping its high-growth potential in view. This has resulted in a number of residential projects being constructed at the most sought-after locations of C-Scheme, Tilka Nagar, Malviya Nagar, Civil Lines and Bani Park. Some of the upcoming projects include:

1. Ashiana Aangan: Residential complex by Ashiana Homes Pvt Ltd at Bhiwadi comprises G+10 storey towers with 2/3 BHK apartments and amenities like piped gas, clubhouse, swimming pool, sewage treatment plant, childrens’ play area, etc. It will complete by March 2010.
2. Damodar Pearl Elegance: Residential complex by Spytech Buildcon in Jaipur comprises G+4 storied residential blocks having 32 flats of 3 BHK and amenities like commercial space, servant quarter in basement, community hall, etc. It will complete by April 2010.
3. Iris Residential: Residential Complex by Mahima Group on New Sanganer Road in Jaipur comprises 8 towers of G+8 storeys having 170 apartments of 2/3 BHK and amenities like clubhouse, swimming pool, etc. It will complete by March 2010.
4. Eden Court Apartment: Project by Verdia Construction at the New Navratna Centre in Udaipur houses 3 blocks of G+6 storey having 76 apartments of 2/3 BHK and amenities like clubhouse, swimming pool, etc. It is expected to complete in July 2011.

The real estate market of Rajasthan offers commercial and residential spaces that are both fairly priced and conveniently located thereby catering to every demanding requirement of a property buyer. This has created an immense business potential and drawn large interests from some of the leading Indian real estate developers in the state. Upcoming commercial projects Commercial real estate in Rajasthan is quite vibrant. The capital rates are far less as compared to Delhi and Mumbai; which has attracted an array of business organisations, who are looking at Rajasthan; especially Jaipur, as a potential commercial hub. According to recent estimates, Jaipur is facing a shortage of more than 2,000 hotel rooms; leaving room for hoteliers to expand on their projects there. Similarly other projects like SEZs and shopping are being developed in prime commercial areas of Vidhyadhar Nagar and MI Road. These include: l. GTM Techno Tower: This project by the GTM Group over 3 acre in Jaipur will comprise 2 blocks of G+2/3 blocks having spaces for corporate offices with all basic facilities. It will complete in December 2011. 2. Neemrana SEZ: This multi-product SEZ will be developed by Ansal API on 2,500 acre in Neemrana with an investment of Rs 6,553 crore. 3. Nasal Royal Plaza: Nasal Plaza will be located on the proposed six-lane Expressway between Krishna Garth and Aimer Collectorate. Spread over 3 lakh sq ft it will house a 5-acre amusement park and a 60-room hotel. Upcoming residential developments The housing and residential real estate segment in Rajasthan is growing from strength to strength. Not just end-users, but investors too are pumping money into the state, keeping its high-growth potential in view. This has resulted in a number of residential projects being constructed at the most sought-after locations of C-Scheme, Tilka Nagar, Malviya Nagar, Civil Lines and Bani Park. Some of the upcoming projects include: 1. Ashiana Aangan: Residential complex by Ashiana Homes Pvt Ltd at Bhiwadi comprises G+10 storey towers with 2/3 BHK apartments and amenities like piped gas, clubhouse, swimming pool, sewage treatment plant, childrens’ play area, etc. It will complete by March 2010. 2. Damodar Pearl Elegance: Residential complex by Spytech Buildcon in Jaipur comprises G+4 storied residential blocks having 32 flats of 3 BHK and amenities like commercial space, servant quarter in basement, community hall, etc. It will complete by April 2010. 3. Iris Residential: Residential Complex by Mahima Group on New Sanganer Road in Jaipur comprises 8 towers of G+8 storeys having 170 apartments of 2/3 BHK and amenities like clubhouse, swimming pool, etc. It will complete by March 2010. 4. Eden Court Apartment: Project by Verdia Construction at the New Navratna Centre in Udaipur houses 3 blocks of G+6 storey having 76 apartments of 2/3 BHK and amenities like clubhouse, swimming pool, etc. It is expected to complete in July 2011.

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Real Estate

05 Aug 2026

Sri Lotus Secures Rs 16-Billion Juhu Redevelopment

Sri Lotus Developers & Realty has been appointed through its subsidiary as the developer for a large-scale commercial-cum-retail redevelopment project in Juhu, Mumbai.The project involves the redevelopment of a prominent and established commercial shopping complex located in one of Juhu’s prime areas.The proposed development will comprise premium commercial and retail spaces with an estimated total carpet area of approximately 3.46 lakh sq ft. The project has an estimated Gross Development Value of Rs 16 billion.Construction is expected to commence in the third quarter of FY28, with comp..