Friday, March 23, 2012: 07:52:00 PM

TJCD Company Review

Ashok Malhotra Group of Companies – Building abodes

Apart from many residential projects, the group has also successfully launched the mega IT Park spread across an area of 53.362 acres of land in Ludhiana

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Incepted in early 1980s, Ashok Malhotra Group of Companies is known for its chain of well-planned self-sufficient superior quality townships in Ludhiana, Punjab. The townships have been planned on 10-200 acres of land in the city. The Group has fully developed infrastructure with an easy access to all the amenities providing leisure and happiness, amusement and pleasure, thereby enriching the lifestyle of residents of their colonies.

 
The group’s vision is to become the fastest growing profitable real estate company, while maintaining the highest standards of ethics.
 
Location
 
Ashok Malhotra Group of Companies is located in Ludhiana, Punjab.
 
Line of Business
 
The group is engaged in the development of superior quality real estate complexes, which includes both residential and commercial property spaces.
 
Group of Companies
 
The group comprises of the following three companies:
 
  • Ashok Malhotra Property Dealers & Builders Pvt. Ltd
  • Malhotra Land Developers and Colonisers Pvt. Ltd
  • Punnu Land Developers Pvt. Ltd
 
Core Principles
 
The core principles of the group include customer satisfaction, innovation, transparency, social responsibility and team work.
 
Strengths
 
Robust infrastructure and land base, stringent quality norms, dedicated team and a good dealer network are the four major strengths of the company.
 
Certification
 
Ashok Malhotra Group of Companies received ISO 9001 : 2000 certification.
 
Projects
 
Ashok Malhotra Group of Companies has constructed quality residential projects, some of them are:
 
Palm Enclave: The residential colony spreads across 9.98 acres and has been approved by Punjab government. The colony offers residents with all modern amenities swimming pool, health spa, jogging tracks, indoor games area, golf course, gymnasium, shopping area, banks and school, among others.
 
Palm City: It is a state-of-the-art township with world class features and modern infrastructure, where residents can cherish living in their Classic Colossal Castle. The township spreads across 46.09 acres.
 
Palm Garden: This mega housing township project is spread over 165.80 acres of land, comprising 1,000 residential plots, independent Villas, two shopping malls-cum-multiplexes and two group housing projects. In addition, schools of international standards and various parks and community centres have also been planned in the project.
 
Moreover, the group has also successfully launched the mega IT Park spread across an area of 53.362 acres of land in Ludhiana, with an investment of Rs 176 crore. This is the first IT Park in Ludhiana approved by the Government of Punjab on Chandigarh-Ludhiana Road (NH-95).
 
The group is also going to start the construction of two multi-storied group housing projects, namely Palm Garden Greens and Elegance Tower in the city. The said projects are expected to be launched very shortly and the sample flats are ready.
 
The group would also construct an affordable housing project for the Economical Weaker Section (EWS) of the society. The necessary approvals from the government have been obtained and the construction is likely to start soon.
 
Shareholding Pattern
 
The shareholding pattern of the group is private limited.
 
Management
 
Ashok Malhotra is the CMD of the group. Karan Malhotra and Anita Malhotra are the two directors of the company.
 
Turnover
 
Not disclosed
 
Profitability
 
Not disclosed

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