Eldeco Raisina Estate

History

The Eldeco Group was founded in 1975 in Agra by S. K. Garg, with the aim of conducting real estate and construction activities in a professional manner. The establishment of the Eldeco Group was motivated by a vision to attain excellence in this industry, based on the principles of timely project delivery, ethical business conduct, and transparency.

1975 - 1984

ECPL UNDERTAKES REAL ESTATE AND CONSTRUCTION PROJECTS

ECPL is involved in real estate and construction projects in Agra and several other cities across Uttar Pradesh, consistently establishing a strong reputation for its fair and transparent business practices

1985

ELDECO HOUSING AND INDUSTRIES LTD. (EHIL) GOES PUBLIC

Eldeco Housing and Industries Ltd. (EHIL) has officially launched its presence on the Bombay Stock Exchange, signifying its transformation into a publicly listed entity. This initial public offering has garnered positive attention from investors within Eldeco's operational area of Agra, Uttar Pradesh, and is viewed as a source of local pride.

1985 - 1993

ELDECO STRENGTHENS ITS POSITION AS THE MARKET LEADER IN UP

Eldeco reinforces its status as the market leader in Uttar Pradesh by establishing a significant presence in Lucknow. The company is developing, among other projects, a 200-acre township in collaboration with the Lucknow Development Authority, marking one of the pioneering examples of Public-Private Partnership (PPP) in the nation.

1993

O. P. BAJAJ JOINS EHIL AS CO-PROMOTER

O. P. Bajaj, a prominent entrepreneur based in Agra, takes on the role of co-promoter for EHIL. In the following years, the organization broadens its portfolio by integrating a variety of new projects.

1996

PANKAJ BAJAJ JOINS EHIL

Pankaj Bajaj, the offspring of O. P. Bajaj, has been designated as a member of the board of EHIL. He earned a Bachelor of Commerce (Honors) degree from Shri Ram College of Commerce in Delhi in 1993, followed by an MBA from IIM Ahmedabad, which he completed in 1995. Furthermore, he possesses experience as a Management Consultant, advising multinational companies on their strategies for entering the Indian market.

1996 - 1999

THE GROUP EXPANDS ITS OPERATIONS IN LUCKNOW AND KANPUR

The Group is expanding its operations in Lucknow and Kanpur, with a focus on the development of large-scale residential projects.

2000

PANKAJ BAJAJ FORMS A NEW COMPANY - EIPL

Pankaj Bajaj has founded a new organization, Eldeco Infrastructure and Properties Ltd. (EIPL). The main aim of EIPL is to undertake significant projects in the National Capital Region (NCR) of Delhi as well as in several other states in Northern India.

2000-2004

EIPL EXPANDS RAPIDLY IN THE NCR OF DELHI

EIPL is witnessing substantial expansion in the National Capital Region (NCR) of Delhi, characterized by a series of successful residential projects, especially in the Noida and Greater Noida regions. Concurrently, EHIL continues to uphold its prominent position in the cities of Lucknow and Kanpur.

2005-2008

ELDECO GROUP EXPANDS RAPIDLY WITH THE INTEGRATED TOWNSHIP FORMAT

Eldeco Group is witnessing substantial expansion via the integrated township model, broadening its presence in Sonepat, Panipat, Ludhiana, and Jalandhar. EIPL oversees one of the largest industrial parks operating under a public-private partnership, encompassing an area of 1,200 acres in Sitarganj, Uttarakhand. Furthermore, a partnership for foreign direct investment has been initiated to facilitate township developments in Lucknow and Jalandhar.

2006

PROMOTERS RESHUFFLE IN EHIL

Pankaj Bajaj and EIPL have successfully obtained full ownership of the promoter stake in EHIL.

2008

OCH ZIFF TAKES EQUITY POSITION IN EIPL

Och Ziff, one of the largest hedge fund groups in the world, has obtained an equity interest in the privately owned EIPL.

2008-2015

THE GROUP FOCUSES ON EXECUTION OF LARGE SCALE PROJECTS

The Group is committed to executing large-scale projects that are currently in progress as a result of the global financial crisis. Notable achievements are being realized in Noida, Greater Noida, Lucknow, Panipat, and Ludhiana.

2015-2019

THE GROUP CONSOLIDATES IN EXISTING CITIES AND ENTERS NEW CITIES

The organization is making a return to the Gurgaon market by introducing mid-income housing along Sohna Road. It is also initiating new projects in Lucknow and Panipat. Additionally, construction has begun on its flagship commercial venture, Eldeco Centre, located in Malviya Nagar, Delhi. The company has successfully facilitated exits for several foreign direct investment and private equity partners.

2019-2022

CONSOLIDATION AND REPLENISMENT OF PROJECT PIPLELINE

The implementation of large-scale projects across multiple urban locations. Launch of the 2 million square feet Eldeco Live By the Greens in Noida. Commencement of township developments in Bareilly, Panchkula, Lucknow, Panipat, and Ludhiana. Creation of a new co-investment platform in partnership with HDFC Capital.