AGI Infra launched a new residential project called “Prestige by AGI” in Jalandhar, Punjab, featuring 713 units across six towers recently. This large-scale project represents a significant expansion for AGI Infra and aims to address the growing housing demand in the region. The project will have a substantial impact on the local real estate market dynamics and potentially boost AGI Infra’s market presence and financial performance.
The Prestige by AGI project is set to be a substantial addition to Jalandhar’s skyline, featuring six towers that will house a total of 713 residential units. This development underscores AGI Infra’s commitment to meeting the diverse housing needs of the city’s population. The launch of such a sizeable project could have several implications for both AGI Infra and the local real estate market, including indicating AGI Infra’s confidence in the Jalandhar real estate market’s growth potential, significantly impacting the supply-demand balance in Jalandhar’s residential sector, generating employment and stimulating local economic activity, and potentially boosting AGI Infra’s market presence and financial performance.
AGI Infra has a proven track record of delivering quality projects, having constructed over 5000 homes in Punjab. The company has also secured a ₹325 crore construction contract with AGI Construction Private Limited, a related party, for Group Housing Residential Projects spanning 2,796,000 sq. ft. The contract is valid from the conclusion of the 20th Annual General Meeting until March 31, 2030. The company has confirmed that the transaction is at arm’s length and compliant with regulatory requirements
