Omaxe lays foundation for Omaxe Waterfront City in Allahabad

News Posted - 2010-02-22

Omaxe, a leading real estate developer has laid the foundation of Omaxe Waterfront City, the first hi-tech-township at Allahabad. Omaxe Waterfront hi-tech township is spread over approximately 1535 acres. Oxame through an SPV has already signed a developer???s agreement with Allahabad development Authority for approximately 725 acres with an environment clearance already been obtained.

Strategically located on the banks of the holy Ganga, Omaxe Waterfront City brings the world famous concept to live by the waterfront for the elite of Allahabad. The project will be developed as a holistic ultra modern eco-friendly hi-tech township comprising of various residential options, commercial, retail, industrial,institutional, recreational and entertainment zones.

Omaxe Waterfront City unveils the most comfortable and luxurious lifestyle away from the hustle-bustle of the daily life.

Omaxe is in an advanced stage of dialogue with international universities for tie-up for the proposed education city in Omaxe Waterfront City. The education city will have primary schools, secondary schools, degree college and professional colleges like medical, engineering and management etc. The education hub will be another feather in the cap of Allahabad, which is already popular as one the leading education hubs of India.

Besides, the hi-tech township will offer best of the medical facilities with modern hospitals and research centeres comparable with best in any metro city. The recreational and entertainment zones proposed in Omaxe Waterfront City such as amusement parks, resorts and shopping malls offer life beyond imagination. With proposed IT and knowledge based industries, central business district, office and retail spaces, software technology parks, non-polluting industrial parks etc.

Omaxe also has an ambitious vision of coming up with 5-star hotel & suites project, the first of its kind in town, with an international tie-up, keeping in view the cities ever growing tourism the facts coming up Buddhist circuit in UP.

Omaxe Sangam City in Omaxe Waterfront City, a proven housing complex comprising plots and villas has caught the fascinations of the town and would add to its glory the following propositions; Omaxe is planning to launh luxurious hi-rise group housing in the project.

The estimated revenue from this project is approximately Rs 3500-4000 crore and will executed in phases over a period of 5-7 years.

Omaxe Waterfront Hi-Tech City in Allahabad is a pioneer to company???s venture of three hi-tech townships sanctioned by UP government To Omaxe , to be follwed at Lucknow and Bulandshahar.

Source: www.cafestocks.com