Thursday, September 10, 2009

Omaxe into a MoU with Bulandshahar Development Authority

Omaxe’s subsidiary Rivaj Infratech – a private limited company – has entered into a Memorandum of Understanding with Bulandshahar Development Authority for the development of a Hi-Tech Township in Bulandshahar, Uttar Pradesh.

The Hi-Tech Township will be built on land area of 3601.19 acres.

The proposed Hi-Tech Township is well connected to Delhi, located in the NCR Region adjoining Greater Noida adjacent to proposed Eastern Peripheral Expressway and North-East Railway Freight Corridor.

The revenue out of this project is estimated over Rs 7,500 crore and will be executed in phases over a period of five to seven years.

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