AGI Infra Secures RERA Approval for Residential Project in Jalandhar
AGI Infra, a prominent real estate developer in Punjab, has obtained official registration from the Punjab Real Estate Regulatory Authority (RERA) for its latest group housing project, AGI Smart Homes-II Extension, located in Village Pholriwal, Jalandhar.
The approval, granted under the Real Estate (Regulation and Development) Act, 2016, validates the project’s compliance with state regulations, ensuring transparency, timely delivery, financial discipline and accountability for homebuyers mitigating risks associated with real estate investments.
With this registration, the company can now officially start selling flats in this project
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AGI Infra’s Track Record
With over two decades of experience, AGI Infra has established itself as a key player in Punjab’s real estate landscape. The firm claims to have delivered approximately 87.34 lakh square feet of residential and commercial space across the state, catering to mid-income and premium segments.
Their portfolio includes plotted developments, group housing, and mixed-use projects. “This registration reinforces our commitment to compliance and customer trust, which will directly contribute to growth in revenue and profitability,” the company stated.
RERA, enacted in 2016, mandates developers to register projects, disclose project details, and deposit 70% of sales proceeds into escrow accounts to prevent fund diversion.
For buyers, this translates to legal safeguards against delays, fraud, or substandard construction. AGI Infra’s compliance signals reliability in a market often marred by incomplete projects.
Expert Perspective
Industry analysts note that RERA approvals enhance buyer confidence, particularly in tier-2 cities like Jalandhar, where demand for organized housing is rising.
For those exploring property options or latest real estate news updates in Punjab, consulting trusted experts can simplify decision-making through legal and market insights.
