Artist's rendering of the Ludhiana development.
Malhotra Group Announce Largest Ever Development
Meenu Malhotra, chair of Newcastle based commercial and residential property company Malhotra Group, has unveiled plans to develop a £150 million site in Ludhiana, Punjab, India.
The development will be the group's largest to date, fulfilling a long-term ambition by its chair to create a "megaproject" ion a a 15-acre site he has owned for several years in his home country.
Planning permission and other consents for the project are expected to be granted via a single window process to allow work to get underway later this year.
The ambitious mixed-use development will employ 2,000 workers in the construction of 11 towers housing 1,100 two and three bedroomed apartments, a 550,000 sq. ft. shopping mall with national and international retail outlets and restaurants, a hotel, and a multiplex cinema.
The project site is located within five miles of the bustling city of Ludhiana in a gated complex that will offer a range of sports facilities including swimming pool, badminton and tennis courts, snooker and table tennis rooms and walking tracks.
An iconic, 15-storey high central tower, will also host an additional restaurant for residents that is expected to operate 24/7.
The Government of the Punjab and Ludhiana municipal authority have invested heavily in the local road network to support Northern India's central business district. The development's location is also convenient for a host of amenities including schools, universities, places of worship, hospitals and major rail and bus hubs.
The scheme will additionally feature green energy solar panels and underground car parking to minimise air pollution.
"I have always referred to Newcastle as my adopted home and am very grateful to the people of the North East for their continued support.
"But at the same time I have always been a patriotic Indian, proud Punjabi and my home town of Ludhiana remains very close to my heart.
"I believe this is a fantastic opportunity for the area and I have been delighted by the encouragement and support we’ve had from the Punjab Government who have welcomed the project and the mega investment we are making.
"It will provide much needed job creation and personally will give me the opportunity to share my passion mentoring SMEs, assisting start-ups and little angels, which I’ve done for many years in the UK."