New Delhi, 13th July 2009: Omaxe Ltd today announced signing of MoU with Allahabad Development Authority (ADA) for the development of Hi-Tech Township at Allahabad. The township will entail an estimated investment of Rs 18.00 bn and will be developed over an area of 1535.12 Acres (approx.). and will be executed in phases over a period of 5 years.
Strategically located on the banks of river Ganga and in the close vicinity of Sangam, Project will be developed, through Company’s Subsidiary, as a holistic ultra modern Eco-friendly Hi-tech Township comprising of Residential (Plotted and Group Housing) ,Commercial, Industrial, Institutional, Recreational segments. Adopting a sectoral approach to the physical development of the township the economic industrial and the environmental areas of the township will be interwoven by the development of infrastructure to make the town safe, intelligent, efficient, sustainable technologies and accessible (SIESTA) for the resident population.
The Project is conceived under the grand vision, under Hi-tech Township 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. |
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