Omaxe Acquires 5+ Acres in Ludhiana
Real Estate

Omaxe Acquires 5+ Acres in Ludhiana

Reputed real estate developer, Omaxe Group, has made a significant move to bolster its footprint in the real estate landscape by acquiring more than 5 acres of prime land in Ludhiana, Punjab. This strategic acquisition, valued at Rs 2.20 billion, was successfully secured through a competitive bidding process organised by the Rail Land Development Authority (RLDA).

In line with its vision for this newly acquired land, Omaxe Group plans to embark on a comprehensive development journey. The company has ambitious plans to undertake both residential and commercial projects on this highly sought-after land parcel. The decision to diversify into these segments is a testament to Omaxe's commitment to catering to the evolving needs and demands of Ludhiana's dynamic real estate market.

Jatin Goel, the Executive Director of Omaxe Group, expressed enthusiasm about this milestone acquisition, stating, "This acquisition aligns perfectly with our strategy to strengthen our presence in key markets and contribute to the growth of Ludhiana's real estate sector."

Omaxe Group, renowned for its excellence in the real estate domain, has an impressive track record of delivering over 132 million square feet of realty space. This feat includes the successful completion of 21 group housing real estate projects, 10 integrated townships, and 14 commercial projects encompassing malls, office spaces, hotels, and SCOs (Shop-Cum-Offices).

The group's commitment to expansion and innovation is further underscored by its ongoing projects, with an additional 22 million square feet of space currently under construction. This includes seven ongoing integrated townships, five group housing projects, and seven commercial ventures, reflecting Omaxe's dedication to providing high-quality and diverse real estate solutions that cater to the evolving needs of its clientele.

In conclusion, Omaxe Group's strategic acquisition of this prime land in Ludhiana not only marks a significant step in its journey but also represents a promising development for the real estate sector in the region. With its proven track record and commitment to delivering excellence, Omaxe is poised to contribute substantially to the growth and transformation of Ludhiana's real estate landscape.

Reputed real estate developer, Omaxe Group, has made a significant move to bolster its footprint in the real estate landscape by acquiring more than 5 acres of prime land in Ludhiana, Punjab. This strategic acquisition, valued at Rs 2.20 billion, was successfully secured through a competitive bidding process organised by the Rail Land Development Authority (RLDA). In line with its vision for this newly acquired land, Omaxe Group plans to embark on a comprehensive development journey. The company has ambitious plans to undertake both residential and commercial projects on this highly sought-after land parcel. The decision to diversify into these segments is a testament to Omaxe's commitment to catering to the evolving needs and demands of Ludhiana's dynamic real estate market. Jatin Goel, the Executive Director of Omaxe Group, expressed enthusiasm about this milestone acquisition, stating, This acquisition aligns perfectly with our strategy to strengthen our presence in key markets and contribute to the growth of Ludhiana's real estate sector. Omaxe Group, renowned for its excellence in the real estate domain, has an impressive track record of delivering over 132 million square feet of realty space. This feat includes the successful completion of 21 group housing real estate projects, 10 integrated townships, and 14 commercial projects encompassing malls, office spaces, hotels, and SCOs (Shop-Cum-Offices). The group's commitment to expansion and innovation is further underscored by its ongoing projects, with an additional 22 million square feet of space currently under construction. This includes seven ongoing integrated townships, five group housing projects, and seven commercial ventures, reflecting Omaxe's dedication to providing high-quality and diverse real estate solutions that cater to the evolving needs of its clientele. In conclusion, Omaxe Group's strategic acquisition of this prime land in Ludhiana not only marks a significant step in its journey but also represents a promising development for the real estate sector in the region. With its proven track record and commitment to delivering excellence, Omaxe is poised to contribute substantially to the growth and transformation of Ludhiana's real estate landscape.

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000