Real estate developer Vipul World said on Monday that it has been granted “land use” approval by the Punjab government for its Rs 400-crore housing project, to be set up in 109 acres in Ludhiana.
The integrated township is being developed in association with Solitaire Capital India, a real estate venture fund.
Commenting on the approval, Vipul Ltd Managing Director Punit Beriwala said, “Vipul World will be a one-stop integrated township for the customers. This is our first initiative in Punjab which is a progressive state with a buoyant economy.”
The township would comprise plots, villas, premium apartments, high-end commercial complex, fully equipped convenience shopping arcade, club house and a five star hotel.