+
AURIC to attract an investment of Rs 600 billion from global players
Real Estate

AURIC to attract an investment of Rs 600 billion from global players

The greenfield industrial smart city, Aurangabad Industrial Township (AURIC) is reportedly attracting exporters and industrialists to set up their facilities there. 

The city highlights the features of a smart city and is expected to attract an investment of Rs 600-700 billion from global players. Also, this is expected to generate lakhs of employment opportunities. During calendar year 2018, AURIC has reportedly attracted an investment of Rs 36 billion. Also, it has 52 plots, and infrastructure packages worth Rs 79.47 billion have been approved by the Centre to facilitate sustainable infrastructure.

In the Marathwada region, as a part of the Delhi-Mumbai Industrial Corridor (DMIC), the industrial township of AURIC will be developed on 10,000 acre. It is promoted by Aurangabad Industrial Township, a special purpose vehicle and partnership between DMICDC, an agency of the Government of India, and MIDC, the investment promotion and facilitation arm of the state government.

Reports suggest that investors setting up facilities in the city include Hyosung Corporation of South Korea, which is one of the largest global spandex producer. That said, several global companies from the US, Europe, Russia, China, Japan and South Korea are also considering investments in AURIC.

Besides a rail and highway network that connects the new city to major cities in India, AURIC is located 15 minutes away from the Aurangabad International Airport and provides direct flights to Mumbai, Delhi, Hyderabad and other destinations. Also, the Jawaharlal Nehru Port Trust’s dry port and container terminal at Jalna is located 40 km away from the city. 

The greenfield industrial smart city, Aurangabad Industrial Township (AURIC) is reportedly attracting exporters and industrialists to set up their facilities there. The city highlights the features of a smart city and is expected to attract an investment of Rs 600-700 billion from global players. Also, this is expected to generate lakhs of employment opportunities. During calendar year 2018, AURIC has reportedly attracted an investment of Rs 36 billion. Also, it has 52 plots, and infrastructure packages worth Rs 79.47 billion have been approved by the Centre to facilitate sustainable infrastructure.In the Marathwada region, as a part of the Delhi-Mumbai Industrial Corridor (DMIC), the industrial township of AURIC will be developed on 10,000 acre. It is promoted by Aurangabad Industrial Township, a special purpose vehicle and partnership between DMICDC, an agency of the Government of India, and MIDC, the investment promotion and facilitation arm of the state government.Reports suggest that investors setting up facilities in the city include Hyosung Corporation of South Korea, which is one of the largest global spandex producer. That said, several global companies from the US, Europe, Russia, China, Japan and South Korea are also considering investments in AURIC.Besides a rail and highway network that connects the new city to major cities in India, AURIC is located 15 minutes away from the Aurangabad International Airport and provides direct flights to Mumbai, Delhi, Hyderabad and other destinations. Also, the Jawaharlal Nehru Port Trust’s dry port and container terminal at Jalna is located 40 km away from the city. 

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?