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.

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