The real estate market in Muzaffarnagar, Uttar Pradesh, has been invigorated by the recent RERA approval of Numax City, a 100-acre township initiative by Sunil Goyal. This significant milestone marks a substantial 3,000 crore rupee investment in the region, with construction activities already underway. The project had previously secured approval from the Muzaffarnagar Development Authority (MDA).
The RERA endorsement confirms the project’s full adherence to legal and transparency standards, thereby bolstering investor confidence by ensuring buyer security and delineating the company’s commitments. Numax Developers is known for delivering projects on schedule and maintaining high construction standards, which is crucial for attracting investment.
Sunil Goyal, the Managing Director of Numax and a co-founder of Omaxe, has a successful track record in the real estate sector, including the Omaxe NRI City in Greater Noida and the extensive township development in New Chandigarh.
Goyal emphasizes Muzaffarnagar’s promising prospects, highlighting its diversified economy, rich cultural heritage, and improving connectivity. He envisions Numax City as a self-reliant and modern living environment.
The selection of Muzaffarnagar was strategic, considering its growing industrial sectors (such as paper and steel manufacturing), the cultural harmony within the community, and its robust road and rail links to key cities. This has positioned Muzaffarnagar as a potential focal point for real estate investment.
Numax City is set to provide a range of housing options, including group housing, individual floors, luxury villas, and plots for custom-built homes. It will also feature business amenities like SCO plots and high-street retail spaces, along with essential lifestyle facilities such as a shopping mall, hotel, schools, and a multi-specialty hospital, all designed around the ‘walk-to-work, walk-to-life’ concept.
Numax’s financial stability, free from debt, aligns with Sunil Goyal’s three decades of experience in efficient project execution and financial prudence. The 3,000 crore project is anticipated to generate significant business activity and employment opportunities.
Experts view this project as a timely intervention, considering the growing population, industrial growth, and infrastructural development in Muzaffarnagar. The RERA approval offers legal assurance, financial stability, and operational readiness for the project’s success.
NUMAX Group is actively pursuing expansion across India. The Group is developing a 170-acre township in Gwalior, featuring modern homes, business spaces, and lifestyle amenities. Additionally, the group plans to acquire approximately 800 acres across Gwalior, Raebareli, and Sohna to launch various townships and real estate projects.
This expansion focuses on emerging cities in North India that demonstrate economic growth, better connectivity, and high development potential, with a goal to establish NUMAX as a leading name in Indian real estate. The move promises to boost local economies and create numerous jobs.
Sunil Goyal, the Managing Director of NUMAX Group, with over 35 years of real estate expertise and a co-founder of the Omaxe Group, shared his vision for these projects: “NUMAX’s goal is to create world-class townships in India’s burgeoning cities, promoting self-sufficiency.”
The new Gwalior township and the planned land acquisitions in Gwalior, Raebareli, and Sohna will help in fulfilling this vision. Goyal aspires for these projects to offer modern lifestyles and to contribute to the economic prosperity of local communities. He emphasized a debt-free financial strategy and the importance of delivering projects on time to maintain trust.
Construction has started, and several project components are scheduled to launch within the next 24-36 months. Once complete, Numax City is set to reshape Muzaffarnagar from an agricultural and industrial center into a modern residential community.