Aamor Inox Makes a Grand Entrance into Delhi Real Estate With Approx INR 88 Cr Land & Farmhouse Purchase

Major Real Estate Acquisition by Aamor Inox

Aamor Inox Pvt. Ltd, primarily known as a metals manufacturer and exporter based in Delhi, has made a significant entry into the real estate sector. The company has recently purchased land and a farmhouse in Delhi for an impressive sum of INR 87.5 crore. This acquisition, completed in September, coincided with the Delhi government's proposal to hike the circle rate for agricultural land, potentially influencing the timing and value of the deal.

Financial Details and Stamp Duty Payment

In this high-value transaction, Aamor Inox has paid a substantial amount of INR 6.12 crore as stamp duty, as revealed by documents accessed through a real estate data analytics firm. This move marks a significant shift for the company, which has been predominantly focused on metal manufacturing for the past 19 years.

Farmhouses: A Rising Trend Among Wealthy Businessmen

The deal comes at a time when there's a growing trend among affluent businessmen and executives to invest in farmhouses. This shift in preference has been partly attributed to the experience of restricted mobility during the pandemic, which led many to value larger, more private residential spaces. Delhi and its surrounding areas are home to about 4,000 farmhouses, spread across 18 villages, each varying in size from half an acre to 2.5 acres.

Government Policies Influencing the Real Estate Landscape

The Haryana government has recently introduced a policy for the planned development of low-density, eco-friendly colonies. Similarly, the Delhi government is anticipated to introduce a comparable policy in its Master Plan 2041. These governmental moves are shaping the real estate market, particularly affecting decisions regarding investments in larger, more secluded properties like farmhouses.