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News & Views on Indian Real Estate

Thursday, June 19, 2008

Ace Tennis Player joins hands with a Realty Player

Ace tennis player Leander Paes today joined hands with real estate developer Omaxe Ltd to design and manage fitness centers in latter’s five townships in North India. ‘Leander Sports’, the company promoted by Paes, today signed a memorandum of understanding to provide the concept and design of health clubs, spas, meditation centers, yoga cells, gyms, sports complexes in the upcoming five townships of the developer. According to the MoU, ‘Leander Sports’ would design and manage the health and sport centers in Omaxe’s integrated townships coming up at Ludhiana, Indore, Yamuna Nagar, Noida and Faridabad. It is not a revenue sharing tie-up, but ‘Leander Sports’ would only charge a consolidated fee for all the five projects, the ace tennis player added.“This partnership would help us in providing healthy living designs to our residents. Though we have tied up only for five projects, but we are looking forward to other projects also,” Omaxe Chairman and Managing Director Rohtas Goel said. Besides, ‘Leander Sports’ is also constructing two sports centers- one at Bangalore in 20 acres of land and the other at a 20-acre area in Pune, Paes said.

manish said...

Almost every big player of real estate industry is signing big stars from Bollywood, sports and other sector to promote their business and this has became a fashion now in this industry.

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