Agi Infra Limited has informed the Exchange about obtaining license for the Project "Utopia by AGI"
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AGI Infra Limited has received a development license (No. LDC-101/2026, dated March 31, 2026) from the Greater Mohali Area Development Authority (GMADA) for its maiden project in New Chandigarh called 'Utopia by AGI'. The project spans 10.26 acres with a saleable area of about 31.94 lakh sqft and will feature 661 residential flats — 189 units of 5BHK, 252 units of 4BHK, and 220 units of 3BHK. The license is valid until March 30, 2031, and the company expects it to drive future revenue and profits through flat sales.
This is a positive development for shareholders as it enables AGI Infra to formally launch and sell flats in a premium New Chandigarh location, opening up a significant new revenue stream. Investors should track future sales velocity and bookings to gauge actual financial impact.