Garnet Construction Ltd.

Garnet Construction Limited, is a decade old professional real estate property developer organization with a proven track record of property performance and client satisfaction. The company designs its projects to cater individual and institutional buyers.

Delivering projects on time and within an established budget is the key to company’s success. The company believes in fulfilling its customers requirement at “one stop” by rendering all the services.

The indepth knowledge of land developing has led it to an opportunity to develop over a total of about 400 acres of land for diverse projects including commercial and residential projects.

Garnet Construction Ltd. was established primarily to develop, manage and lease industrial plots and sheds. Since  then it extended its services to offer clients a variety of real estate related services as well which includes residential plots at khopoli and bungalow plots at lonavala.

Due to persistent, innovative and dynamic team efforts of all the directors, the group today stands poised as consistent and most trust worthy real estate group in Mumbai. Over the span, the group has grown from strength to strength having completed number of projects and gained complete faith in time honoured concepts of Quality, Excellence Design and Construction.

The different projects of the company range from residential to industrial:

Residential Projects

• Magic Hills - Just on the outskirts of Mumbai, but still strategically connected to the metro by road and rail is village Ambivali. Although the place is bit distanced from the metro hustle-bustle, it provides the right ambience for a comfortable lifestyle. Moreover the location is adjacent to Navi Mumbai airport, Chowk Rail station and the Express highway. Considering its strategic location, we earmarked it for our prestigious housing complex.
• Crystal Springs Residences in Lonavla offers 2, 3 and 4 bedroom bungalows. The Crystal Springs project was planned, designed and executed as high definition residences for Indians and NRIs.

Industrial Projects

• Neelkanth Industrial Estate - Industrial estate at Khalapur in Raigad district. Spread over gigantic 1.40 lakh square feet land, this industrial estate houses 43 plots, shed and galas for large, medium and small-scale enterprises.
• Arkose Industrial Estate on the Mumbai-Pune highway - Arkose Industrial Estate and Aditya Industrial Estate are spread across 13 acres and 8 acres of land respectively. Their proximity to the town and highway ensure that they are well connected to both the prime business areas of Maharashtra - Mumbai and Pune.
• Emerald Industrial Estate - Emerald Industrial Estate, spread over 4 lakh square feet of expanse comprises of 49 plots and is situated just 3 kms from the Mumbai - Pune highway. The location is a melting pot of several industries and thereby has all the facilities necessary for large, medium and small-scale industries.
• Panchsheel Industrial Estate - This estate too offers tremendous scope for industries. Spread across 11-lac square feet land, this estate houses 61 fully developed plots and is at a distance of 4 kms from the Mumbai-Pune Express highway.

The company in 2007 entered into a 50:50 joint venture (JV) with the Dubai-based Sternon Group to develop properties in Europe - with a prime focus on Sweden, and Mauritius, off the African coast.

Future plans

The company has one of its projects planned in Goa which is a 110-room resort, clubhouses, residential cottages and restaurants.

The company is also planning a resort in Panchgani.The projected resort, to be developed on B.O.T basis, comprises of 60 residential cottages, clubhouses and restaurants. Apart from these, the company is also planning one project in Hydrabad and Khopoli.

Recent developments

Garnet Construction has decided to convert the 60,00,000 convertible warrants into equity shares.