Real Estate Maharashtra

Shekhawati Industries signs development pact for Karjat realty project

By GeoSquare News Desk · Published 2026-10-31

Shekhawati Industries has signed a development agreement for a new real estate project in Karjat, Maharashtra. The proposed development will cover approximately 2,00,000 sq ft, marking a significant step in the company's expansion into the real estate sector.

Project Overview

The project is located in Karjat, a rapidly growing town in the Mumbai Metropolitan Region (MMR). Known for its scenic beauty and improving connectivity, Karjat has become a preferred destination for residential developments, especially for buyers seeking affordable options and weekend homes.

The development agreement paves the way for the company to undertake construction and sale of properties in the region. While specific project details are yet to be unveiled, the scale of the development suggests a mix of residential and possibly commercial spaces.

Market Significance

This move aligns with the growing demand for housing in the MMR periphery. Karjat offers a balanced lifestyle with proximity to nature and access to Mumbai and Pune via the Mumbai-Pune Expressway and suburban rail network.

For Shekhawati Industries, this project represents a strategic diversification beyond its existing business operations. The company's entry into real estate is expected to leverage the rising interest in Karjat as a viable property destination.