Omaxe Ltd. is set to embark on the ambitious development of a Hi-tech township sprawling across approximately 2700 acres in the historic city of Lucknow. In this endeavor, Garv Buildtech Private Ltd, a subsidiary of Omaxe, has inked a Memorandum of Understanding (MoU) to spearhead the development of this innovative township in the heart of Lucknow.
Expected to generate an estimated revenue of over Rs 2800 crores, this Hi-Tech Township is scheduled for execution over a span of 5 to 7 years. It aims to address the escalating demand for quality living spaces in the city, enhancing living standards. Situated strategically along the proposed Lucknow Ring Road, this vibrant township lies in close proximity to the Lucknow Airport and is just a half-hour drive from the bustling center of Lucknow at Hazratganj.
Commenting on this significant announcement, Mr. Rohtas Goel, the Chairman and Managing Director of Omaxe Ltd, stated, "The hi-tech township is an attempt to recreate an entirely new living experience in the city of Nawabs. There is already substantial pressure on the existing infrastructure, and this township will attempt to ease the demand by providing state of the art facilities in close quarters. This hi-tech township will indeed reinforce the commitment to develop and deliver a world-class product to the new aspiring class of local residents and the migrants from other cities."