Ludhiana-based Ritesh Properties & Industries is planning to invest around Rs.3,000 crore in real estate in Punjab.

The company is planning to come up with township projects in Ludhiana, Jalandhar and Amritsar with an investment of Rs.1,000 (approx) each. Each of these townships will be coming up on 100 acre of land each.

These townships will include all basic amenities and support infrastructure like club houses, group housing apartments, shopping malls cum multiplexes, community hall, local shopping centre, post office, bank, health care centre, schools (nursery/creche), place of religious worship, designated recreational spaces like playgrounds for children, jogging tracks, office, ample parking lots et al. These will be a part of this premium project.

Recently, the company has marked its foray in realty sector by entering into a Rs.800 crore 50-50 joint venture agreement with the developers Ansal Properties and Infrastructure (API) for developing a premium housing project and a business park (Hampton Court), on 42 acre of land on Ludhiana-Chandigarh road, Ludhiana.

Also See:

Ritesh Industries in JV with API for real estate project (08-Jan-07)