he demand for real estate infrastructure development is geographically widespread with townships being built in both the metros and the tier II and III cities. In India, there is a housing shortage of 24.71million units out of which 8.89 million are in urban areas alone*. This translates into very high opportunities for investment and development.
Maytas Properties was founded in 2005 to harness the potential of the real estate sector. The Company focuses on the development of quality properties across the country leveraging its expertise in the emerging infrastructure and real estate sector.
In 2011, as per the Order of the Company Law Board (CLB), dated January 13, the IL&FS Group Entities, IL&FS Engineering & Construction Company Limited and IL&FS Financial Services Limited, have acquired 80 Percent stake in the Paid up Capital of the Company.
IL&FS Engineering and Construction Company Limited (IECL), a joint venture with Saudi BinLadin Group and Infrastructure Leasing & Financial Services Limited (IL&FS) is one of the leading Infrastructure Development, Construction and Project Management Companies in India, with more than two decades of rich and varied experience in execution of landmark projects across the country.
The Company has demonstrated its capabilities in sectors such as Roads, Expressways, Highways, Buildings and Industrial Structures, Irrigation Canals and Dams, Thermal and Hydel Power Projects.