$Aaiji Group forms JV with Infinity Infracon for Rs 2 Bn project in Dholera$

Aaiji Group forms JV with Infinity Infracon for Rs 2 Bn project in Dholera

21 Jan 2025 CW Team

Ahmedabad, Gujarat-based Aaiji Group's subsidiary, Aaiji Infraspace, has entered into a joint venture with Infinity Infracon to undertake residential and commercial development projects worth Rs 2 billion in the Dholera Special Investment Region (SIR), according to a statement released. The venture aims to implement these projects in phases to meet the rising demand for high-quality infrastructure in this emerging industrial and smart city hub, as noted by Lalit Parihar, Managing Director of Aaiji Group, in the statement.

The joint venture's initial project will be a housing scheme in Kadipur Village, Dholera, with completion expected within two to three years, the statement added.

Aaiji Group highlighted its intent to explore new opportunities in Dholera, emphasizing the region’s growing prominence as a preferred destination for industries and investors. Over 100 companies, including Tata Electronics, have already established a presence in the area. Dholera is also positioning itself as a hub for semiconductor manufacturing and advanced urban planning, with Tata Electronics investing $10.9 billion to set up a semiconductor plant in the region.

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