Shubhashish Homes launched its first group housing mission in 2020.
Shubhashish Homes establishing 400 items over 4 phases and the full mission value is about Rs 200 crore
Realty startup Shubhashish Homes is investing round Rs 200 crore to develop its first housing mission in Jaipur, Rajasthan. Shubhashish Group, based by Chairman J Okay Jajoo, is predicated out of Jaipur and is into wealth administration, packaging, logistics and actual property companies.
The firm, which launched its first group housing mission in 2020, bought flats price Rs 96 crore in the 2022-23 fiscal, up 70 per cent from the earlier 12 months, Shubhashish Homes stated in a press release.
“We are at present growing our first mission, unfold over 9.3 acre. We are establishing 400 items over 4 phases and the full mission value is about Rs 200 crore,” said Mohit Jajoo, Executive Director and CEO, Shubhashish Group.
Shubhashish Homes has completed the first phase and will deliver the second phase in the next two months.cThe company has spent Rs 100 crore so far on this mid-income housing project ‘Shubhashish Geeta’ and the remaining Rs 100 crore will be invested in the next three years, he said.
The entire project will be completed by early 2026. The company has already sold nearly 300 units in this project in a price range of Rs 45 lakh to Rs 1.5 crore per unit. Mohit Jajoo said the company has acquired a 2.3-acre land parcel in Jaipur to launch its second housing project later this year.
The company is in talks to buy more land parcels, he added.
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