Leading developer Malhotra Group said that after four years of discussions, it has acquired The Imperial Golf Estate in Ludhiana, Punjab. The development, which includes an 18-hole championship golf course designed by Jack Nicklaus company, Nicklaus Design, was halted in 2019 after the previous owners ran into financial difficulty.
The development is now firmly back on track having been acquired by Malhotra Realty Private Ltd India (MRPL), a Malhotra family holding company. Meenu Malhotra, the chairman of the UK-based company, has always wished to leave a lasting legacy in his hometown of Ludhiana. The company has holdings in real estate, care facilities and leisure facilities around the nation.
“This project will not only create opportunities for local people but also provide world class facilities, enhancing the reputation of the already affluent town of Ludhiana and placing it on the world map,” said Malhotra.
Together with the championship golf course, the project will see the creation of more than 700 villas and apartments, an upscale shopping mall with national and international designer outlets and fashionable food and beverage offerings.
A destination health farm with spa facilities and a luxury five-star hotel will be created with other, yet to be announced, prestigious partners. Along with houses of worship and a creche for locals and families, an international school (junior and senior) in conjunction with renowned educational institutions situated in the United Kingdom is also planned.
The development is expected to draw travellers from throughout India, which will assist in creating local job opportunities and boost the economy of the state of Punjab.