Ritesh Properties and Industries is a leading company with business interests in garment exports. A public limited company , Ritesh Properties and Industries is based in Ludhiana under the leadership of Pran Arora, Chairman of the company. The company is listed on the Mumbai, Delhi, Kolkata and Ludhiana Stock Exchanges.
Recently the company has marked its foray in realty sector by entering into a joint venture agreement with developers Ansal Properties and Infrastructure (API) for developing a premium housing project and a business park in Ludhiana. The land is located at a prime location on Ludhiana-Chandigarh state highway. The total projected revenue will be about Rs.800 crs.
The project, christened as Hampton Court spreads across 42 acres on the Ludhiana-Chandigarh road, well within the municipal limits of Ludhiana city. Initial work on the project has already started and the project will be launched in a month’s time.
Ludhiana is growing very fast and there is an increasing need for quality housing especially in the city outskirts away from the city congestion. This township is designed to address that need and will offer ultra-modern, high-quality community living. The strategic location of the project will be a key factor for its success in days to come. The company is expected to benefit Rs 1.50 billion from the project. The premium housing project and the business park will be amidst peaceful environment in the outskirts of Ludhiana, away from the hustle-bustle of the city but in the close vicinity of prime locations in Ludhiana. The project will emphasize creation of a self-contained development, in order to foster harmonious community living. All basic amenities and support infrastructure club, community hall, local shopping centre, post Office, bank, health care centre, schools (nursery / crèche, place of religious worship, designated recreational spaces like playgrounds for children, jogging tracks, office, ample parking lots etc. will be part of this premium project.
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