News & Views on Indian Real Estate

Thursday, October 23, 2008

JMD Group To Come Up With Townships In Punjab And Haryana

Real estate developer, JMD Group, is planning to develop two township projects in Punjab and Haryana with an estimated investment of Rs 750 crore. The Group, which had floated a company JTPL Townships Private Limited for its real estate business, would develop luxurious housing projects in Mohali (Punjab) and Karnal (Haryana) over the next four years. "We will be investing Rs 450 crore on the Mohali project and Rs 300 crore in the Karnal project. Both these projects would be packed with international class amenities which will be within the reach of the common man," JTPL Townships, Director, Mr. Siddhant Gupta said. The first township project 'JTPL City Mohali' would be spread over 85 acres. Another township project in Karnal spread over 77 acres would be developed and the work on its development would start within next 4 months, he added.