AGI Infra Receives RERA Registration for Utopia Project in Chandigarh; Valid Until 2031

Key numbers

Market Cap	₹2,930.8 CrRealty Sector
P/E TTM	28.6xSector 34.4x
Net Profit Qtr	₹27.5 Cr37.5% YoY Growth
Promoter Holding	71.29%Latest Qtr
Execution period	Valid up to March 30, 2031

Key highlights

• Punjab RERA granted registration number PBRERA-SAS80-PR1452-102026 for the group housing development
• Registration is valid through March 30, 2031, allowing for a long-term development horizon
• The high-rise tower will consist of Ground plus 31 floors offering 3BHK, 4BHK, and 5BHK flats
• Project marks AGI Infra's maiden entry into the premium residential market of New Chandigarh
• Development aligns with the company's existing ₹4,710 crore order book recorded as of March 2026

Maiden Entry into New Chandigarh Market

Agi Infra Limited has reached a critical regulatory milestone with the receipt of RERA registration for its 'Utopia by AGI' project. This development is significant as it represents the company's first project in the premium New Chandigarh residential area. Authorised under the Iconic Building Policy of Punjab, the project is designed as a high-density vertical development featuring 31 floors above ground.

The approval allows the company to move forward with commercial activities and construction for a premium mix of 3BHK, 4BHK, and 5BHK residential units, targeting the high-end segment of the regional real estate market.

Expansion and Pipeline Momentum

• The project adds to a robust pipeline that totaled 247 lakh sq. ft. of saleable area as of March 31, 2026
• It follows earlier approvals including a license for AGI Green Crest in Jalandhar received in April 2026
• The company previously secured RERA registration for the Urbana Square commercial project in December 2025
• Order book momentum remains strong with a total value of ₹4,710 crore reported at the end of fiscal 2026
• The Utopia project was previously granted a license from GMADA on April 1, 2026, ahead of this RERA finalisation

Financial Performance and Strategic Outlook

The approval comes as Agi Infra reports steady operational growth, with June 2026 quarter revenue reaching ₹96.44 crore, a 9.4% increase over the previous quarter. The company maintains efficient operations with an operating profit margin of 41.56%. Net profit for the same quarter stood at ₹27.52 crore, representing a 37.5% growth compared to the same period in the previous year.

Management has indicated that this new registration will further strengthen the company's financial position as it moves toward long-term targets, including a goal of 176.46 lakh sq. ft. saleable area by FY32.

Management on Strategic Impact

The above Registration will further strengthen the financial position of the Company.

What to watch next

• Board meeting scheduled for November 6, 2026, to approve Q2 and H1 FY27 financial results
• Commencement of construction and phase-wise sales launches for the Utopia by AGI project
• Progress toward the FY32 management target of 176.46 lakh sq. ft. saleable area

“The project has Ground plus 31 floors consisting of 3BHK, 4BHK, and 5BHK flats. The project also comprises thoughtfully planned amenities and conveniences for its residents. This is our maiden project in New Chandigarh.”

Agi Infra · financial snapshot

Share price	₹239.9
Market capitalisation	₹2,930.79 Cr
Revenue (annual)	₹352.54 Cr
Net profit (annual)	₹94.86 Cr
Revenue (latest quarter)	₹96.44 Cr+9.44% vs previous quarter
Net profit (latest quarter)	₹27.52 Cr+3.10% vs previous quarter
P/E (TTM)	28.63×Sector 34.43×
Promoter holding	71.29%0.00% QoQ
FII holding	0.92%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.