Rainbow Foundations Limited, established in June 1994, specializes in real estate development, focusing on both commercial and residential projects. The company, initially known as Rainbow Holiday Resorts International Limited, was founded by Anopchand Jain, Gajraj Jain, Sarla Jain, and associates. It has acquired promising real estate in and around Madras and Kodaikanal. Key developments include the completion of residential apartments and commercial complexes, notably in Pondy Bazar and Purasaiwakkam during 1996-97. In 2004, the company successfully completed one residential project and two layout projects.
Additionally, Rainbow Foundations is expanding into the hospitality sector with plans to establish a vacation time share resort in Kodaikanal. This project includes an initial phase of 20 cottages, with a subsequent phase of 160 more, plus a nearby 28-acre land development for plot sales. This diversification highlights the company's strategic approach to leveraging real estate opportunities.
