Jaipur-based realty firm Manglam Group is channeling an investment of Rs 150 crore into the development of ‘Manglam Signature Elite,’ a commercial complex situated at Narayan Singh Circle in Jaipur, Rajasthan. The project spans 3.1 lakh square feet, catering to the increasing demand from corporate entities and retailers in the area.
Manglam Group Director, Amrita Gupta, stated, “We are allocating Rs 150 crore for this venture, offering office and retail spaces for sale. We are also facilitating leasing options for interested clients.” The project, encompassing nearly 170 units, designates three floors for retail spaces and ten floors for corporate offices.
Having already sold 75% of the total area, Gupta expressed expectations of generating approximately Rs 200 crore in revenue from the project. The construction is anticipated to conclude in the second half of the current calendar year. The available spaces range from 735 square feet to a maximum of 20,000 square feet. Manglam Group has secured a leasing agreement with Westside, a prominent apparel retail chain under the Tata Group.
Additionally, the company recently announced the ‘Manglam Rambagh’ project, a luxury residential development in Jaipur, with an investment outlay of Rs 200 crore.
