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Reliance Infrastructure launches new real estate subsidiary Reliance Jai Properties with โ‚น1 lakh initial capital | Mint

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Reliance Infrastructure launches new real estate subsidiary Reliance Jai Properties with  โ‚น1 lakh initial capital | Mint
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Reliance Infrastructure has established a new subsidiary, Reliance Jai Properties Private Limited (RJPPL), further expanding its presence in the real estate industry. With an authorized and paid-up share capital of โ‚น1,00,000, RJPPL aims to acquire, sell, lease, and develop various properties. This move comes amidst the growth of India's real estate sector, driven by urbanization, increasing income levels, and government initiatives like Pradhan Mantri Awas Yojana (PMAY) and the development of 100 smart cities. Reliance Infrastructure intends to leverage these opportunities and diversify its revenue streams through this expansion.

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