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AMRITSAR
By ronitkumar | July 23, 2008
. Alpha G:Corp was allotted the mega project status because it submitted the most advanced development plan. The initial investment will be Rs. 270 crores in the first phase and this is going to be a destination centre encompassing retail, entertainment, luxury hotel and stand-alone boutiques on a total space of two million sq. ft. The features in Phase 1 also include a 200-room luxury boutique hotel under the brand name ‘Ishta’ from the Ananda group of hotels, which alone will entail an investment of over Rs. 100 crores.
Alpha G:Corp’s Mega Gift Delhi-based real estate developer and asset management company, Alpha G:Corp, major alliance partner in the pan-India conglomerate, G:Corp, has signed up a joint venture with landowners in
Punjab to conceptualize, design and develop the prestigious AlphaOne mega project in
Amritsar. It will be spread over 25 acres on
G.T. Road
Fun
Republic has signed-up for a large multiplex to offer a heightened experience in good cinema. The construction will begin in August 2006 and the first phase will be operational by March 2008. All tenants will move in by September 2007 for carrying out internal fit-outs. Designed with a large, open atrium, this mega-project would consist of a shopping mall, supermarket, restaurants, recreational facilities, multiplex and space for cultural activities of global standards. The planning of the entire project is being done keeping in mind the growing needs of the people of
Amritsar and Jalandhar for their daily requirements for shopping, entertainment and cultural needs, which so far have been catered by out-station trips to
Delhi,
Ludhiana or
Chandigarh.
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