Real estate sector in India is witnessing a rapid growth in the residential, commercial and industrial segments. Earlier, real estate construction and development was confined to big cities only. But it has now shown notable progress in smaller cities and towns, owing to the improved standards of living and higher income levels. 

Eldeco Group, a prominent real estate company in India was established in the year 1975 in Agra, under the chairmanship of S.K Garg. Later, in the year 1996, Pankaj Bajaj joined this group as the Managing Director of Eldeco Housing and Industries Ltd (EHIL) and Eldeco Infrastructure and Properties Ltd (EIPL).