Prayagraj's real estate market is projected to experience significant growth as plans have been made for investments of roughly Rs 4,000 crores over the course of the next five years. Numerous real estate firms will begin development on at least 29 different housing projects in and around Sangam City soon. Vinayak Group is set to invest about Rs 590 crores, Paras Group has confirmed a Rs 300 crore project and Sai Dham Group has promised to invest around Rs 700 crores in seven residential projects. Omaxe Limited is looking to set up a Rs 500 crore project and Goyal Housing is said to be making an investment of Rs 400 crores.
Prayagraj's real estate market is projected to experience significant growth as plans have been made for investments of roughly Rs 4,000 crore. Over the course of the next five years numerous real estate firms will begin development on at least 29 different housing projects in and around Sangam City.
According to the applications the Prayagraj Development Authority (PDA) has received, the projects include a large educational facility in the Jhalwa area. According to PDA secretary Ajeet Kumar Singh, all recommendations will be included in the upcoming U.P. Global Investors' Summit scheduled to take place in Lucknow from 10-12 February 2023.
According to officials, the Vinayak Group has suggested a project of Rs 595 crore while the Sai Dham Group has promised to invest the biggest sum of Rs 700 crore for seven projects in the housing schemes. A 500-crore project has also been suggested by real estate developer Omaxe Limited and Goyal Housing has also agreed to invest Rs 420 crore. A 380-crore project has also been suggested by the Paras Group. Authorities with inside information claim that the ten different real estate firms' proposals have been posted on the PDA website.
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