Realty major Omaxe announced that the company would develop a 2,700 acre hi-tech township at Lucknow in Uttar Pradesh. The company expects profit of over Rs 2800 crore from the project.

Garv Buildtech Private Ltd, which is a subsidiary of Omaxe, had signed up a deal with the Lucknow Development Authority to develop a township in the city.

The announcement was made by Omaxe in a filling of the Bombay Stock Exchange.