The Ashtech Group, a major player known for its work in sustainable construction and infrastructure, has officially made its debut in the Indian real estate market with a massive plan to invest ₹1,800 crore in its first-ever luxury residential development.
This move marks a significant expansion for the Group, which has spent three decades building expertise in allied sectors like Fly Ash Bricks, RMC, and large-scale power and infrastructure projects.
The Project: Luxury and Location
The maiden project will be built on a prime, 5.6-acre plot in Sector 12, Greater Noida West. The land was fully paid for, having been acquired for approximately ₹300 crore.
The location is a key selling point: it is situated right next to a sprawling 8-acre public park, offering future residents enhanced lifestyle appeal, abundant green space, and excellent connectivity.
The development promises to feature:
- Premium residences designed by international architects.
- Extensive landscaped green spaces and luxury amenities.
- A strong focus on sustainability-driven features to ensure a holistic living experience.
Commitment to Quality and Trust
Mr. Sumit Agarwal, Director of Ashtech Group, highlighted the rationale behind the timing of the launch.
“Ashtech Group has been synonymous with quality, sustainability, and a customer-centric approach for over three decades,” said Mr. Agarwal. “We believe this is the right time to extend our expertise to real estate development. Our commitment is to deliver world-class residential projects that not only represent quality and trust but also cater to the evolving aspirations of today’s homebuyers.”
He added that the company aims to create homes that are “modern, sustainable, and truly reflective of the lifestyle today’s families deserve.”
This initial luxury project aligns perfectly with the growing demand for premium housing in the NCR. With its strong legacy in construction, the Ashtech Group plans to roll out a robust pipeline of both residential and commercial projects in the coming years, solidifying its presence in India’s dynamic real estate landscape.