Omaxe to develop township in NCR
Omaxe Ltd will develop a Hi-tech Township in NCR adjoining Greater Noida in Bulandshahar, Uttar Pradesh. Omaxe’s subsidiary M/s Rivaj Infratech Pvt. Ltd has signed an MoU with Bulandshahar Development Authority for the development of the Hi-Tech Township. To be developed over an area of 3601.19 Acres (approximately), this township will have estimated revenues of over Rs 75O0 Crores and will be executed in phases over a period of 5 to 7 years.
Strategically located in Delhi NCR Region adjoining Greater Noida approx 20 min drive from its proposed international airport and adjacent to proposed Eastern Peripheral Expressway & North-East Railway Freight Corridor, the hi-tech township will comprise residential, commercial, retail, industrial facilities.
Speaking on the occasion Rohtas Goel, CMD, Omaxe Ltd said: “The township at Bulandshahar will be a good alternative to the crowded Delhi Region and will create an attractive environment for high quality living, work and recreation. Apart from this, the hi-tech Township will be home to technology and knowledge based industries which will be attracting private investment and create employment.”
The project is conceived under Hi-Tech policy initiative of Govt of Uttar Pradesh, establishing self-sustained hi-tech settlements within the state for harnessing the rapid growth of its economy for a balanced development of its hinterland.
Earlier Omaxe had also signed MOU with Allahabad Development Authority in July 2009 for the development of Hi-Tech Township at Allahabad.