Garnet Construction Ltd

History of Garnet Construction Ltd

Garnet Construction Limited was incorporated on October 15, 1992 in Mumbai as a Public Limited Company and thereafter listed with National Stock Exchange and Bombay Stock Exchange on December 15, 1994. Garnet began its business in 1995, with a simple but bold philosophy set by its founder, Mr. Kishan Kumar Kedia. While others relied on speculation and borrowed funds, Company took the harder route; self-funding every project, ensuring that each acre developed was free of financial uncertainty. Over three decades, this discipline helped the Company expand across 600+ acres, delivering homes, workplaces, and industrial ecosystems that have stood the test of time. Garnet Construction is a Real Estate Development Company focusing on residential, commercial plots, retail and other projects, such as mass housing and cluster redevelopment. The Company started its operations from April, 1994 and purchased 41 acres of land out of which it had already purchased 19.05 acres of land near Patalganga in the villages Honad and Dheku, Taluka-Khalpur Dist. Raigad. The total area to develop and construct is 6.84 lakh sq. ft. for industrial plots, sheds and galas with different specifications and most modern innovative designs and systems. In 2003, Company ventured into residential project, at Lonavala costing Rs. 7 crores, which was almost ready for construction. Besides this, it completed Lonavala Project and venture into Magic Hills project at Khopoli in 2008. ...