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Chadha Group plans township project in Punjab

Wednesday, 26 Jul 2006
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Country Colonisers, a subsidiary of the Chadha Group, is planning to invest Rs.600 crore for developing a mega township WestEnd Estate at Mohali in Rupnagar district of Punjab.

The project to be spread over 200 acres of land will be implemented in three phases. In Phase I, the company will invest Rs.200 core and around Rs.300-400 crore will be invested in Phase II and III.

The company has acquired 150 acres for the project and the process of acquisition of the rest of the land is underway. The township will include villas, plots and apartments with different levels of specifications.

This will be the company's first housing project in Punjab and the group is planning to build townships in Patiala, Bathinda, Jalandhar, Amritsar and Ludhiana. The group is also planning to invest another Rs.100 crore to build its second mall at Mohali. The group's first mall that is under construction in Ludhiana is scheduled for completion by April 2007.

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