Realty firm Aurika Group will invest Rs 220 crore to strengthen its presence across Uttar Pradesh’s Tier-II cities.
The investment includes a 150-key serviced suites project in Ayodhya (in partnership with Best Western Hotels) and a premium villa community on a 5.50-acre site in Bareilly. The group has received RERA for two projects in Bareilly and one project in Ayodhya.
Collectively, these projects are projected to generate over Rs 350 crore in revenue.
“Our investments align with the aspirations of India’s Tier-II cities. Ayodhya’s spiritual significance and Bareilly’s urban potential represent dual pillars of growth,” said Prasoon Chauhan, founder & CEO, AurikaGroup.
AurikaGroup is actively pursuing Joint Ventures (JV) and Joint Development Agreements (JDA) with landowners and stakeholders across Tier-II markets in North India.
The investment includes a 150-key serviced suites project in Ayodhya (in partnership with Best Western Hotels) and a premium villa community on a 5.50-acre site in Bareilly. The group has received RERA for two projects in Bareilly and one project in Ayodhya.
Collectively, these projects are projected to generate over Rs 350 crore in revenue.
“Our investments align with the aspirations of India’s Tier-II cities. Ayodhya’s spiritual significance and Bareilly’s urban potential represent dual pillars of growth,” said Prasoon Chauhan, founder & CEO, AurikaGroup.
AurikaGroup is actively pursuing Joint Ventures (JV) and Joint Development Agreements (JDA) with landowners and stakeholders across Tier-II markets in North India.
You may also like
'No judicial overreach': Ex-SC judge says Parliament is supreme, can amend provisions in case of disagreement
WrestleMania 41 hits UK screens tonight with stars saying it'll be the biggest ever
The car insurance claim mistake that could lead to 10-year prison sentence
Kia could axe famous hatchback used on Top Gear for sporty alternative
Victoria Beckham shares behind-the-scenes snaps from 51st birthday after Brooklyn's snub
