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Business
Rajasthan: Villa builder Goyal Fashions gets Rs 115 cr special investment package
✍️ Amar Ujala · Rajasthan
🗓 29 Oct 2026, 07:36 AM
👁 4
The Rajasthan government has granted a special investment package under the RIPS 2019 scheme to Goyal Fashions Pvt Ltd, the company that built the 20 villas in Alwar purchased by the family of IAS officer Shikhar Agrawal.
The Rajasthan state government has approved a special investment package for Goyal Fashions Private Limited, a move that has drawn attention due to the company's recent connection with a high-profile real estate transaction. The approval was granted under the Rajasthan Industrial Policy and Incentives Scheme (RIPS) 2019, aimed at boosting industrial and hospitality projects in the state.
The connection to the controversy stems from the fact that Goyal Fashions is the developer responsible for constructing 20 villas at the Ananta Resort in Ajabgarh, Alwar district. These specific villas were recently purchased by the family of IAS officer Shikhar Agrawal, a transaction that has been under public scrutiny.
Under the special investment package, the company is set to receive incentives totaling approximately 115 crore rupees. This financial support is intended to facilitate the development of a hotel and resort project, aligning with the state's broader goals to enhance tourism infrastructure and attract private sector investment in the hospitality sector.
The connection to the controversy stems from the fact that Goyal Fashions is the developer responsible for constructing 20 villas at the Ananta Resort in Ajabgarh, Alwar district. These specific villas were recently purchased by the family of IAS officer Shikhar Agrawal, a transaction that has been under public scrutiny.
Under the special investment package, the company is set to receive incentives totaling approximately 115 crore rupees. This financial support is intended to facilitate the development of a hotel and resort project, aligning with the state's broader goals to enhance tourism infrastructure and attract private sector investment in the hospitality sector.