Omaxe arm in pact with Allahabad Devt Authority for township

Omaxe arm in pact with Allahabad Devt Authority for township
The Economic Times, July 19, 2009, Page 9

New Delhi: A subsidiary of construction firm Omaxe has entered into an agreement with Allahabad Development Authority for the development of a township in Allahabad. Pancham Realcon has entered into a MoU for the development of township in Allahabad on a proposed area of 1,535.12 acres. Around Rs 18 billion is expected to be invested over five to seven years to develop the township. The project is conceived under the grand vision, under Hi-tech Township Policy initiative of the UP government, establishing self-sustained hitech settlements within the state for harnessing the rapid growth of its economy for a balanced development of its hinterland.