Axon Developers plans to invest Rs 350 cr in two stressed projects
Real Estate

Axon Developers plans to invest Rs 350 cr in two stressed projects

Axon Developers has begun operations by purchasing two stressed asset projects in the Delhi NCR area. The company stated that it would invest Rs 350 crore in the two residential projects to complete around 750 units. Internal accrual and sales will be used to fund the investment.

The two projects are expected to generate gross sales of Rs 650 crore, according to the company.

The company plans to expand aggressively over the next 12 months, with four new projects worth Rs 2100 crore spread across Delhi, Noida, Gurugram, and Lucknow. The company is expected to generate gross revenue of around Rs 1500 crore by the end of the next fiscal year.

Keltech Kumar Imperial Green Noida Extension, Uttar Pradesh, which has 350 units, and Manish Gallexie 91 Sector 91, Gurugram, which has 400 units, are two of the recently acquired projects.

The company will invest Rs 100 crore in Keltech Kumar Imperial Green, which will be completed in one and half years. On the other hand, the company will spend Rs 250 crore in two and half years to complete 400 units of Manish Gallexie 91 in Gurugram's Sector 91.

Axon developers work in the residential, commercial, and retail sectors, with expertise spanning the value chain from project acquisition to project planning and development. The firm will also concentrate on land development.

Axon Developers is a modern Indian real estate development firm. The company works in the residential, commercial, and retail sectors, with expertise spanning the value chain from project acquisition to project planning and development. Land development and plotting projects are also a focus of Axon Developers.

Image Source

Axon Developers has begun operations by purchasing two stressed asset projects in the Delhi NCR area. The company stated that it would invest Rs 350 crore in the two residential projects to complete around 750 units. Internal accrual and sales will be used to fund the investment. The two projects are expected to generate gross sales of Rs 650 crore, according to the company. The company plans to expand aggressively over the next 12 months, with four new projects worth Rs 2100 crore spread across Delhi, Noida, Gurugram, and Lucknow. The company is expected to generate gross revenue of around Rs 1500 crore by the end of the next fiscal year. Keltech Kumar Imperial Green Noida Extension, Uttar Pradesh, which has 350 units, and Manish Gallexie 91 Sector 91, Gurugram, which has 400 units, are two of the recently acquired projects. The company will invest Rs 100 crore in Keltech Kumar Imperial Green, which will be completed in one and half years. On the other hand, the company will spend Rs 250 crore in two and half years to complete 400 units of Manish Gallexie 91 in Gurugram's Sector 91. Axon developers work in the residential, commercial, and retail sectors, with expertise spanning the value chain from project acquisition to project planning and development. The firm will also concentrate on land development. Axon Developers is a modern Indian real estate development firm. The company works in the residential, commercial, and retail sectors, with expertise spanning the value chain from project acquisition to project planning and development. Land development and plotting projects are also a focus of Axon Developers. Image Source

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement