A major announcement has shaken the real estate sector in Muzaffarnagar, Uttar Pradesh, with the RERA approval for Numax City, a 100-acre township project envisioned by real estate mogul Sunil Goyal. This marks a crucial milestone for the project, which is backed by a substantial investment of approximately 3,000 crore rupees, with construction already underway. The Muzaffarnagar Development Authority (MDA) had previously given its approval for this expansive project.
The RERA certification assures that the project is completely legal and follows transparent practices, protecting buyer interests and clarifying the responsibilities of the company. This has bolstered investor confidence, particularly considering Numax Developers’ established reputation for timely project completions and quality construction.
Sunil Goyal, the Managing Director of Numax and co-founder of Omaxe, has successfully executed large-scale real estate projects, including the Omaxe NRI City in Greater Noida and the extensive township development in New Chandigarh.
Goyal expressed his confidence in Muzaffarnagar’s potential, highlighting its diverse economic base, cultural richness, and improving infrastructure. He envisions Numax City as a self-sustaining community providing a modern lifestyle.
Muzaffarnagar was selected for this project due to its growth in key industries, its diverse cultural landscape, and its robust connectivity through road and rail networks to Delhi-NCR and other prominent cities. These advantages have positioned the city as a prospective real estate hotspot.
Numax City is designed to accommodate various housing options such as group housing, individual floors, luxury villas, and plots. The project will include business amenities like SCO plots and retail spaces, and lifestyle facilities such as a modern shopping mall, a premium hotel, schools, and a multi-specialty hospital. The development is planned around the ‘walk-to-work, walk-to-life’ concept.
Numax’s debt-free financial structure, a rarity in the sector, combined with Sunil Goyal’s extensive experience in project management, ensures financial stability. The 3,000 crore project promises significant business and employment generation.
Industry analysts consider this project to be a timely venture, given Muzaffarnagar’s population growth, industrial expansion, and infrastructural enhancements. The RERA approval provides a secure legal framework, strong financial footing, and operational readiness for the project.
NUMAX Group is expanding its operations across India. The group is developing a 170-acre township in Gwalior that includes modern housing, business facilities, and lifestyle amenities. It also has plans to purchase about 800 acres of land in Gwalior, Raebareli, and Sohna for diverse real estate projects.
These expansions are strategically focused on emerging cities in North India that are experiencing economic growth, improved infrastructure, and strong development prospects. This will establish NUMAX as a key player in the Indian real estate market, spurring local economic growth and creating numerous job opportunities.
Sunil Goyal, the Managing Director of NUMAX Group, a veteran in real estate with over 35 years of experience and co-founder of the Omaxe Group, discussed his vision for these projects: “NUMAX aims to build world-class townships in India’s new cities, offering residents a self-reliant lifestyle.”
The new township in Gwalior and the acquisitions in Gwalior, Raebareli, and Sohna embody this vision. Goyal hopes that these projects will offer modern living spaces and contribute to the economic prosperity of the local communities. Goyal reiterated the importance of a debt-free model and the timely delivery of projects to maintain investor and resident trust.
Construction is progressing rapidly, with several project segments planned for launch within the next 24-36 months. Upon completion, Numax City is expected to transform Muzaffarnagar into a modern residential hub, surpassing its present agricultural and industrial landscape.
