Omaxe says to spend 18 bln to build township
NEW DELHI (Reuters) - Omaxe Ltd will spend 18 billion rupees over five to seven years to develop a township in the northern city of Allahabad, the realty firm said on Monday.
The township would bring in revenue of 22 billion rupees, Omaxe said in a filing to the BSE.
The construction firm said earlier on Monday it has entered into a pact with the Allahabad Development Authority to develop the hi-tech township.
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