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Punjab Govt Cancels Omaxe Project In Patiala

Chandigarh, June 17: The Punjab Government today decided to issue a project termination notice to real estate firm Omaxe Limited for allegedly failing to give the promised employment in its integrated township project at Patiala.A

PTI [ Updated: June 17, 2011 19:10 IST ]
punjab govt cancels omaxe project in patiala
punjab govt cancels omaxe project in patiala

Chandigarh, June 17: The Punjab Government today decided to issue a project termination notice to real estate firm Omaxe Limited for allegedly failing to give the promised employment in its integrated township project at Patiala.


A decision to this effect was taken during the 44th meeting of the Punjab Urban Planning and Development Authority held here under the Chairmanship of Punjab Chief Minister Parkash Singh Badal, an official release said.

Omaxe has allegedly failed to give employment to 1,000 people in the IT and Bio-Tech sectors at the end of third year (August 9, 2010) after commencement of the project. Another 3,000 people were to be given employment by the end of the fourth year, a spokesperson said.

Omaxe was to develop IT and Biotech sector on 1.5 lakh square feet of area, which was to be part of integrated township project in Patiala. The project was given to Omaxe in 2006.

The state government also announced that in future, the entire development of the said project would be done by Punjab Urban Development Authority (PUDA). PTI

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