Latest news with #SunilGoel
Hindustan Times
30-06-2025
- Business
- Hindustan Times
Numax Launches Muzaffarnagar Township, Anticipating Western Uttar Pradesh's Urban Transformation
June 30, 2025 – Western Uttar Pradesh is set for an urban transformation with the approval of Numax's 100-acre integrated township in Muzaffarnagar by the Muzaffarnagar Development Authority (MDA). This project, an investment of ₹ 3,000 crore, is anticipated to generate a ₹ 3,000 crore in sale Sunil Goel, the MD of Numax and co-founder of Omaxe, is behind this project. Numax, led by MD and Omaxe co-founder, Mr. Sunil Goel Mr. Goel sees potential in Muzaffarnagar, envisioning it as a futuristic hub in North India. "Muzaffarnagar is a strategic confluence of economic drivers and cultural heritage," states Mr. Goel. The city is recognised as the "Sugar Bowl of India" due to its sugarcane industry and home to Asia's largest jaggery market. It is also gaining traction as a centre for industrialisation, with paper and steel sectors. Additionally, its spiritual significance, with sites like Shukratal and its blend of Hindu-Muslim cultural heritage, adds to its character. The Numax City township is designed to accommodate this evolving landscape, offering a comprehensive environment for modern living. The development includes group housing, independent floors, villas, plots, and SCO (Shop-cum-Office) plots, along with a shopping mall, hotel, school, and hospital. This approach reflects Mr. Goel's experience in creating integrated townships, with previous projects like Omaxe NRI City (85 acres in Greater Noida, 2003) and the 700+ acre mega township in New Chandigarh (2015-16). Numax's financial standing as a zero-debt company is a distinguishing factor for this undertaking. This foundation, supported by Mr. Goel's over 35 years of experience, is expected to contribute to the timely delivery of this project. With improving connectivity and a rising population, Numax City, supported by its ₹ 3,000 crore investment, aims to contribute to Muzaffarnagar's readiness for urban living. Note to the reader: This article is part of Hindustan Times's paid consumer connect initiative and is independently created by the brand. Hindustan Times assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently.
Mint
30-06-2025
- Business
- Mint
Sunil Goel's Numax City Project Receives Approval in Muzaffarnagar
Focus Updated 30 Jun 2025, 05:09 PM IST MUZAFFARNAGAR, UP – June 30, 2025 – Numax, led by Managing Director and Omaxe co-founder, Mr. Sunil Goel, has received MDA approval for a 100-acre integrated township in Muzaffarnagar. This project involves a ₹ 3,000 crore investment and has projected an approximate sale value of ₹ 3,000 crore. With this project, Mr. Goel has indicated a long-term vision for Muzaffarnagar's development. Mr. Goel, who has experience in the Indian real estate sector dating back to Omaxe's beginnings in 1991, views Muzaffarnagar as more than its traditional image. "We identified Muzaffarnagar not just for its current attributes, but for its untapped urban potential," explained Mr. Goel. 'This city, known for its role as the 'Sugar Bowl of India' and its jaggery market, is now witnessing industrialisation with a potentially growing manufacturing base in steel and paper. Its religious prominence, alongside its connectivity, positions it for a comprehensive urban overhaul.' Numax City, the newly approved township, is designed to be a representation of modern urban living. It includes a range of residential options, including group housing, independent floors, and luxury villas, alongside investment opportunities in residential and SCO plots. Beyond housing, the township integrates amenities such as a shopping mall, a hotel, a contemporary school, and a hospital, aiming to create a self-sufficient ecosystem. This commitment to holistic development reflects Mr. Goel's approach , seen in his past achievements like developing Omaxe The Forest, Noida, and expanding Omaxe's footprint to 27 cities across 8 states. Numax operates as a zero-debt company, which speaks to the financial management and foresight of Mr. Goel. This financial strength, coupled with the significant ₹ 3,000 crore investment and the detailed planning and location of the 100-acre project, positions Numax City as a significant development for Muzaffarnagar, aiming to contribute to its emergence as an urban destination in North India. Note to the reader: This article is part of Mint's paid consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently.
