Oswal Group’s Vardhman Amrante Embarks on ₹1,350 Crore Journey to Redefine Punjab’s Urban Landscape

A New Era for Punjab Real Estate

In a bold move set to reshape Punjab’s urban fabric, Vardhman Amrante, the real estate arm of the Oswal Group, has unveiled a ₹1,350 crore investment plan spanning the next three years. This initiative will see the development of high-quality residential, commercial, and hospitality projects, primarily in Ludhiana and other rapidly growing cities like Bathinda.

Strategic Focus: Ludhiana and Beyond

Ludhiana, the industrial heart of Punjab, stands at the center of this transformation. Vardhman Amrante plans to launch three to four major projects, including integrated residential townships, state-of-the-art commercial hubs, and premium hospitality spaces. These developments are designed to meet the region’s rising demand for quality infrastructure, a segment where reputed developers remain scarce.

Commitment to Sustainability and Innovation

A distinguishing feature of these upcoming projects is their commitment to sustainability. Vardhman Amrante will ensure that all new developments are certified green buildings, reflecting a deep-rooted responsibility towards the environment. The company’s approach includes recycling and reusing water and construction materials, as well as educating stakeholders about environmental stewardship.

Financial Strength and Vision

The ₹1,350 crore investment will be funded largely through internal accruals and sales, with the possibility of raising additional debt if required. This financial strategy is backed by the Oswal Group’s robust balance sheet and its listed entity, Vardhman Polytex, which recorded revenues of ₹400 crore in FY 2023-24.

Legacy of Excellence

Since its entry into real estate in 2014, Oswal Group has delivered 1.5 million sq. ft. of residential space and is currently developing a 2.75 lakh sq. ft. shopping mall. Vardhman Amrante has earned a reputation for professionalism, ethical practices, and customer-centricity, setting new standards in Punjab’s property market.

Empowering Punjab’s Growth Story

This investment underscores Oswal Group’s unwavering confidence in Punjab’s growth trajectory and aligns with the state’s vision for progressive urban development. By blending modernity with tradition, Vardhman Amrante aims to create spaces that resonate with both local and global sensibilities, fostering vibrant communities and economic prosperity.

“Over the next decade, we are committed to redefining the region’s urban blueprint through high-end residential and commercial developments, setting new benchmarks for quality and innovation,” says Adish Oswal, Chairman and Managing Director.

Looking Ahead

With several land parcels already in hand and more deals under negotiation, Vardhman Amrante is poised for rapid expansion. The company’s diversified approach-spanning residential, commercial, hospitality, and industrial parks-ensures it is well-positioned to meet Punjab’s evolving needs and aspirations.