India, April 29 -- Delhi-based real estate developer Omaxe Group plans to invest over Rs.250 crore to develop its premium residential project in Lucknow, being developed by Omaxe Garv Buildtech Pvt Ltd, a wholly owned subsidiary, the company said in a regulatory filing on April 29.

The project, called Omaxe Cassia, is located within the 690-acre Omaxe Metro City township on Raebareli Road in Lucknow, the statement said.

Omaxe Cassia will comprise eight residential towers offering a mix of 2BHK and 3BHK apartments.

The developer said the project will be built in line with RERA timelines and is targeted for delivery within the next three years.

The project has already sold 300 of its 360 units, with construction commencing, the company ...