GB Realty to invest up to Rs 2,500 crore in Jacob & Co. branded residences

GB Realty has announced a luxury residential development on Airport Road in Mohali, marking Punjab’s first branded residences project. The development is a collaboration with the global luxury watch and jewellery brand Jacob & Co.

The project involves an estimated investment of Rs 2,400 crore to Rs 2,500 crore, which includes over Rs 1,000 crore allocated for land acquisition. The remaining funds will cover construction and development costs to meet the demand for ultra-luxury housing in the Chandigarh–Mohali–Panchkula region.

This initiative is part of GB Realty’s broader expansion strategy in North India. The company plans to invest more than Rs 5,000 crore over the next three years and aims to scale its cumulative investment to approximately Rs 10,000 crore over the next five years, with Rs 3,500 crore specifically earmarked for luxury and ultra-luxury residential developments.