Omaxe expects Rs 120 cr from a commercial complex in Punjab

Real estate firm Omaxe today said it would develop an office-cum-shopping complex in Punjab and expects a sales revenue of Rs 120 crore over the next two and a half years.

The company today launched 'India Trade Tower', arguably the tallest commercial edifice of Punjab in Mullapur (near Chandigarh), Omaxe said in a statement.

The complex, which is a part of a proposed 26 acre global business park -- international hotel and business hub, would be spreading over a total area of 2.45 lakh sq ft. 

"India Trade Tower with a realisation value of approx Rs 120 crore is slated to be completed within two and half years from the commencement of construction," the company said.

"The project will bring in tremendous scope for hospitality business, trade promotion and will usher the development of quality real estate in the area," Omaxe Chairman and Managing Director Rohtas Goel said.

Omaxe, at present, has 53 projects under execution and planning.

Among these 21 are integrated townships, 21 group housing projects, nine shopping malls and commercial complexes, and two hotels. There are seven on-going infrastructure and contracting projects.