| Real Estate Development | Development of integrated townships, group housing, villas, commercial complexes, plots. | Strong brand presence, diversified portfolio, longstanding relationships with municipal bodies, and project execution capability. | B2C homebuyers, B2B commercial tenants, local governments and corporate clients. | High-margin from luxury villas and commercial leasing segments. | 49 | 100 | Sale of residential and commercial properties, leasing income, project management fees. | Project-based sales with negotiated property prices, some leasing on fixed terms. | Demand for affordable housing, urbanization in smaller Indian cities, and commercial space development. | Ansal City (townships), Florence Apartments, Boom Plaza |
