Aurika Group unveils Rs 2.2B expansion in Ayodhya, Bareilly

24 Apr 2025 CW Team

New-age real estate developer Aurika Group has rolled out a Rs 2.2 billion expansion plan targeting Tier-II cities in Uttar Pradesh, with new launches in Ayodhya and Bareilly. The company has secured RERA approvals for two projects in Bareilly and one in Ayodhya as part of its strategy to scale in high-potential urban hubs.

In Ayodhya, Aurika will develop a 150-key serviced suites project on the prominent 14 Koshi Parikrama Marg, in partnership with Best Western Hotels. The property aims to tap into the city’s growing religious tourism and will feature premium suites, rooftop dining, wellness amenities, and spiritual experiences—all under the Best Western brand.

Meanwhile, in Bareilly, the group has announced a gated villa community on a 5.50-acre site. This follows two ongoing developments: the sold-out "The Residences, Bareilly" and "Aurika Avenue," a mixed-use project coming up on Bada Bypass. Together, Aurika’s Bareilly portfolio is expected to generate over Rs 3.5 billion in revenue.

“Our investments reflect the aspirations of emerging India,” said Prasoon Chauhan, Founder & CEO of Aurika Group. “Ayodhya brings spiritual gravity, Bareilly offers urban vibrancy—both are crucial to our growth story. We’re focused on projects that merge modern needs with cultural relevance.”

Chauhan added that the group is actively exploring joint ventures and development agreements across Tier-II markets in North India to deepen its footprint.

Image source:moneycontrol

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..