Leading golf course developer Malhotra Group has announced that is has completed the purchase of The Imperial Golf Estate in Ludhiana, India following four years of negotiations.
The development, which includes an 18-hole championship course designed by 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, a Malhotra Family Holding Company.
The UK-based company, which has property, care home and leisure interests across the country, is headed by chairman Meenu Malhotra who has always wanted to create a legacy in his hometown of Ludhiana.
“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 Mr Malhotra.
Together with the championship 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, partners. An international school in collaboration with prominent educational institutions based in the United Kingdom is also planned, along with places of worship and a creche for residents and families.
The development is expected to draw travellers from throughout India, which will assist in creating local job opportunities and boost the economy for the state of Punjab.
MRPL has already applied to have all the relevant licenses and consents renewed so work can commence on site immediately, in anticipation that phase one will be complete within two years. The company is in the process of recruiting an international architect, and the design and aesthetics will be led by local architect Zafar Choudhry of Habitat Architects in Ludhiana.
Mr Malhotra believes that the project will make a huge positive economic impact on the area and create thousands of jobs for local people and companies.
He said: “I have always been a patriotic Indian, proud Punjabi and my home town of Ludhiana remains very close to my heart. We are global investors with a proven track record of development in the UK. We see India as a vibrant economy which we wish to invest in, and we expect to announce further developments in due course.”
