Gurugram, Nov. 5 -- Joon Realty, a Gurugram-based real estate development company, has acquired a majority stake and development rights in the Joy City project in Jaipur, marking its expansion into the vacation-home and serviced-villa segment. The RERA-registered development (RAJ/P/2021/1563) is located along the Jaipur-Bhilwara corridor, one of the city's emerging second-home destinations.

Following the acquisition, the project has been rebranded as 'Adi Bagh', the second development under Joon Realty's Adi portfolio after Adi Grand in Jaipur.

According to a company statement, the first phase of Adi Bagh will deliver 218 villas designed as part of a low-density residential development. With full control of the development now under its...