News

Rohit Purchases Resort at Copper Point

EDMONTON, ALBERTA (January 15, 2010) – No longer are Canadians looking south of the border for resort property. Attractive
financing options, accessibility, health care insurance concerns, reduced air travel time and prices, and an overall rebound in property values across the country, coupled with Canadians’ desire to have something closer to home has started to thaw out the market. With that in mind, Rohit Group of Companies purchased Resort at Copper Point in the Columbia Valley in British Columbia.

“Copper Point is a four seasons resort that is situated perfectly in the midst of the mountains featuring lakes, numerous golf courses, skiing at Panorama, hot springs and a wide array of outdoor opportunities,”
says Radhe Gupta, CEO of Rohit Group of Companies. While The Resort at Copper Point has been stalled for the past 12 months, it is clear from the 80% of current construction that the original project developers and the municipality had an eye for design and fine details. “Combined with our strengths in commercial, land and BC condominium development, and the exceptional bones of this project, we can bring to fruition the vision of a vibrant community that has an outstanding future,” continues Radhe. The golf course community, Resort at Copper Point contains 106 hotel condo units complete with swimming pools and golf course views.

Rohit Group of Companies, led by its primary business unit, Rohit Communities, posted over $150 Million in revenue in 2009 with home builder operations in Alberta and BC. As part of its desire to create sustainable master-planned communities, Rohit looks to work with the local community to bring this project back to life and add to the local economy.

About Rohit Group

Rohit Group of Companies is recognized as a leading commercial and residential real estate developer in Edmonton and surrounding areas, Fort McMurray as well as the interior of British Columbia. Rohit Group
is a multi-tiered and disciplined organization with more than two decades of success in their portfolio. For more information on Rohit Group of Companies, please visit our website at www.rohitcommunities.com.