JTPL plans to develop township in Mohali
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Dec 15, 2008
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Dec 17, 2008
MEERUT,
Idaho,
India
Saturday, October 25, 2008
JTPL Township Pvt. Ltd, part of the JMD Conglomerate, has plans to develop a township in Mohali namely "JTPL city Mohali". The proposed township will be spread over 85 acres and is likely to attract an investment of Rs 450 crore in the next 3-4 years. The company has acquired land for the township. Speaking to business standard, JTPL Township Pvt. Ltd Director (Operations) Sidhant Gupta said: "The proposed project is a complete integrated township spread over 85 acres of prime land with proposed primary and high schools, shopping malls, a commercial complex, a club, hospitals, plots , villas, group housing etc, in close proximity to the railway station and the Chandigarh international airport."
He added: "with world-class facilities like these in the vicinity, this new-generation township is a self-contained residential, commercial, entertainment and recreational hub. With facilities for recreation and leisure like a club and play ground, a state-of-the-art IT, ITES Mall & Hotel is also in the pipeline, and will be developed within the township."
The company plans to spend Rs 450 crore in the next 3-4 years on this project. The project will be completed in four years at the outside.
He said that being located at the prime location in Mohali, JTPL city offers numerous locational and accessibility advantages like a 10-15 minute drive from the railway station and the up coming international airport.
This new age structure possesses world-class amenities like ample parking space, lot of greenery, state-of-the-art water supply system, 100ft wide concrete road and lane sizes of 60, 45 & 35ft wide.
He added that the project will mark the beginning of a new era of lifestyle in Mohali packed with all international class amenities to make it completely luxurious but still with in the reach of the common man. Initially the company will offer 150 plots for sale at the rate of Rs 14,000per square yard.
Talking about other projects, he said, "we are also coming up with a township in Karnal (Haryana) which would be spread over 77 acres and likely to attract an investment of Rs 350 crore."
JTPL Township Pvt. Ltd is a part of JMD Conglomerate, one of the leading groups in India, having a turnover of Rs 2,500 Crore in 2007-08.
Courtesy :The Economic Times 12-10-2008
