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

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

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.

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.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?