NEW DELHI: Ashtech Group, a construction materials and infrastructure development company, has forayed into the real estate segment. The group is set to invest ₹1,800 crore in a housing project in sector 12, Greater Noida West.
The project will be developed on a fully paid-up 5.6-acre plot, which it acquired from the authority for approximately ₹300 crore.
Sumit Agarwal, director of the company said, “Having delivered excellence in allied sectors, we believe this is the right time to extend our expertise to real estate development.