News: JMD to build shopping mall in Ludhiana
(TNN 26/04/2006) New Delhi - Real estate firm JMD Promoters Ltd on Tuesday announced its foray in Punjab with an investment of Rs 100 crore to build a shopping mall in Ludhiana.
The mall - JMD Govardhan City Centre - which is scheduled to be completed in next 12-15 months will offer 2.5 lakh square feet of area for retail, entertainment and food court.
"We are making a foray into Punjab in a big way. To start with, we are building a shopping mall in Ludhiana with an investment of Rs 100 crore," the company's Vice President- Marketing Rameet Trehan said.
Besides this mall, the NCR-based company is also planning to develop two more projects in Ludhiana.
"Plans are under consideration for developing one commercial and one group housing project in Ludhiana. We already have 13 acres of land for this purpose," he said.
The company is also conceptualising to have its presence in other cities of the state, which includes Mohali, Amritsar, Chandigarh and Zirakpur.
On the expected footfalls in the shoppping mall, he said: "The mall is located at the heart of the city and moreover, we are targeting youth. So, we are expecting good footfalls."
The mall - JMD Govardhan City Centre - which is scheduled to be completed in next 12-15 months will offer 2.5 lakh square feet of area for retail, entertainment and food court.
"We are making a foray into Punjab in a big way. To start with, we are building a shopping mall in Ludhiana with an investment of Rs 100 crore," the company's Vice President- Marketing Rameet Trehan said.
Besides this mall, the NCR-based company is also planning to develop two more projects in Ludhiana.
"Plans are under consideration for developing one commercial and one group housing project in Ludhiana. We already have 13 acres of land for this purpose," he said.
The company is also conceptualising to have its presence in other cities of the state, which includes Mohali, Amritsar, Chandigarh and Zirakpur.
On the expected footfalls in the shoppping mall, he said: "The mall is located at the heart of the city and moreover, we are targeting youth. So, we are expecting good footfalls."
posted by InCar Group Press Room at 10:31
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