Omaxe Group Acquires Over 5 Acre RLDA Land in Ludhiana for Rs 220 Crores

Delhi/ NCR: Omaxe Group, NCR’s leading real estate developer, has secured more than 5 acres of prime land at Gumar Mandi Fountain Chowk through a competitive bidding process conducted by the Rail Land Development Authority (RLDA). The acquisition was finalised at a bidding amount of Rs 220 crores.

A press release issued by the company states that, located at 5 minutes’ drive from the railway station and bus stand, the property is adjoining Gumarmandi and is in the heart of Ludhiana. The acquired land would be utilised for both residential and commercial development, offering the investors a varied choice for investment. This development would lead to the strengthening of the area’s real estate market. 

Jatin Goel, Executive Director, Omaxe Group expressed his enthusiasm about the acquisition, stating, “We are thrilled about this successful acquisition of RLDA land in the heart of Ludhiana. We have always been driven by the vision of creating exceptional living and commercial spaces that redefine the cityscape. 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.”