Modern Townships Set Trends in Agra

Agra – Apart from the heritage monuments that attract 22 lakh visitors every year, Agra has a well entrenched local economy specializing in leather and handicrafts. Strategically located on the Delhi-Jaipur tourist corridor, any development plan for the city draws enthusiastic support from developmental stakeholders.Keeping in view the fragile and environmentally sensitive heritage of the city, Agra’s development plan seeks to utilize the city’s potential for improving the economy by strengthening its physical and social infrastructure. The City Development Plan has provided for establishment of new industrial estates and maximizing infrastructure around the Taj and other heritage sites. With a total outlay of Rs. 7373.79 crore over a period of 6 years, (2007-2012), of which 7.6% would be shared by private parties in development projects, property developers at are confident of assured returns from investments in mega residential and commercial projects in Agra.

Real Estate Projects in Agra

Residential property: Real estate developers are introducing neo-age residential apartments and townships to Agra. The Triveni Group has completed Triveni Orchid Tower, while residential apartments under construction are Parsvnath Panchvati, Parsvnath Prernai, and Jaipuria’s Sunrise Greens.

Luxury residential apartments to be launched in Agra include “One Park” from Spice One Infrastructure and Triveni Paradise by Triveni .

Creating a world class ambience will be township projects by reputed builders. The TDI City is coming up on 125 acres on the outskirts of the city which will house a hotel project as well. Ansal Town on 130 acres on the Taj Expressway and Ansal Countryard are under construction by AHCL, while Triveni City is being executed by Triveni Housing and Infrastructure. Vian City, PSG City, Green City and the Taj NRI City will soon be launched as exclusive townships in Agra.

Unitech’s grand project for Agra is likely to start in August 2007 and will cover 1500 acres – plots, villas, apartments will be built alongside commercial spaces, an IT Park, retail and institutional spaces, plus a luxury hotel.

Commercial Property: Agra’s first mall, the TDI Mall-cum-multiplex on Fatehabad Road providing 2 lakh sq. ft of retail space is principally aimed at the high spending customer. The T3 mall by Triveni Housing is also complete. The Agra Cantonment Board will be constructing a multi-storeyed shopping mall on an acre of land on the Mall Road and offer retail space on a long-term lease. The TDI group is also venturing into a star category hotel project. Omaxe Limited is in the process of constructing a wedding mall in the city.

Agra’s traditional leather industry will get a boost with the setting up of a leather and leather products SEZ on 100 hectares on the Agra-Delhi highway, with Parsvnath Developers bagging the contract for the project..

The Software Technology Park has also been approved near the Shastri Puram industrial area on the Agra-Delhi highway. This small beginning on 2 acres of land heralds a new era for Agra’s economy.