AIPL Group to invest Rs 500 cr in Punjab

13 June 2022, 3:37 pm
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AIPL Group, a leading real estate development entity, which has its corporate headquarters in Gurugram, is all set to invest Rs 500 crore in Punjab over the next three years as a part of its expansion plan in residential and retail sectors.

Giving his views on AIPL’s mega expansion plans for Punjab, Pankaj Pal, Group Executive Director, AIPL said, “The investment, will be a befitting testimonial of the post-pandemic green shoots in realty sector for the region, and will spur the growth of the real estate industry in Punjab and help AIPL to further consolidate itself as a key realty player in the state.”

An ace housing and commercial infra developer, AIPL Group has so far delivered four projects in Punjab – two residential and two commercial -, and two are ongoing projects. Dreamcity, Amritsar, a residential project developed and delivered, is spread across 148 acres of land and Dreamcity, Gobindgarh-Khanna, is spread across 88 acres. At present, over 550 happy families are residing in its properties in Punjab. The two ongoing projects of AIPL include Dreamcity NXT, Amritsar spread across an area of 74.3 acres of land.