Ludhiana, 14-09-2024: In a significant step towards contributing to Ludhiana’s infrastructural and economic development, Sushma Group has acquired a 59-acre land parcel in a prime location. The strategic acquisition will see the development of a mixed-use project, comprising residential, industrial, and commercial plots, aimed at bolstering Ludhiana’s real estate landscape.
This development comes as a response to the growing demand for integrated infrastructure in Ludhiana, particularly in light of the Ajmeri-Ludhiana Economic Corridor. The project is expected to catalyze new opportunities for growth, attract businesses, and enhance the overall quality of life in the region.
“Entering into this deal with Sushma Group has been an excellent decision for us. We’re positive that their vision for the project on this land will bring transformative developments to Ludhiana’s infrastructure. We are confident that this collaboration will open doors to new opportunities and contribute significantly to the city’s growth,” said Mr. Kulwinder Singh Gill, a representative of KVVR Infratech.
Speaking on the significance of the acquisition, Mr. Prateek Mittal, Executive Director of Sushma Group, said, “This land acquisition is a part of our long-term vision to contribute to the strategic growth of Ludhiana. With the Ludhiana Periphery Road, which is part of the Ajmeri-Ludhiana Economic Corridor, set to enhance connectivity, we believe this project will serve as a catalyst for economic prosperity, attracting industries, startups, and residential communities alike. We are excited to be a part of Ludhiana’s journey towards becoming a major hub for commercial and industrial activities.”
This mixed-use project by Sushma Group is poised to create a ripple effect in the real estate sector, with a focus on sustainable development and modern urban planning. The project’s industrial segment will offer fast connectivity to Ludhiana Airport, ensuring quicker transportation of goods and products, while incorporating essential services like on-site medical facilities, designated areas for drivers and helpers, underground cabling, emergency firefighting systems, electric charging stations, and solar-powered common areas.
The residential component will feature a primary school, green areas, medical facilities, open gym spaces, skating parks, and wider roads, creating a holistic living environment for the community. These features will provide Ludhiana with the necessary infrastructure to support its growing economy while enhancing the quality of life for residents.
The strategic decision by Sushma Group is anticipated to pave the way for transformative developments that will further position Ludhiana as a key player in the region’s economic future.