Real estate company Omaxe will invest Rs 400 crore to develop two new commercial projects in Faridabad, Haryana, to expand its business. The two new projects will be part of its 120-acre mixed-use development named 'World Street by Omaxe'. The first commercial project New Singapore is spread over 11.6 acre, comprising 15 lakh square feet of area largely retail spaces, while the other project Clarkee, covering nearly 2 acre, will be developed as party and nightlife destination. The projects are expected to be completed by 2029. The total estimated cost to build these two projects is over Rs 400 crore, Omaxe said, adding that this will be funded through internal accruals. The company has launched around 700 units so far. The rates in these two projects range between Rs 4,000 per square feet to Rs 10,000 per square feet. Designed as Faridabad's ultimate nightlife destination, Clarkee will host 15+ nightclubs, bars, and restaurants. Omaxe Group Managing Director Mohit Goel said, "T

Omaxe Ltd.'s price crossed below 30Day SMA today

Omaxe Ltd.

07 Mar 2025

102.64

0.55%

Omaxe to invest Rs 2,700 cr to modernise 6 bus terminals in Uttar Pradesh

Business Standard

Real estate firm Omaxe Ltd's subsidiary will invest Rs 2,700 crore to upgrade six bus terminals in Uttar Pradesh. In a regulatory filing on Friday, Omaxe said that Uttar Pradesh State Road Transport Corporation (UPSRTC) has awarded it a contract to modernise six key bus terminals in the State Ghaziabad, Lucknow (Gomti Nagar), Prayagraj, Kaushambi, Ayodhya and Lucknow (Amausi) under public-private partnership (PPP) model. Omaxe will undertake the modernisation of bus terminals through its newly established wholly-owned subsidiary 'BeTogether'. These projects aim to enhance public transport infrastructure in Uttar Pradesh while integrating state-of-the-art commercial spaces. "With a total investment of around Rs 2,700 crore, these projects are expected to generate over Rs 4,700 crore in revenue," Omaxe said. The total saleable area across the projects is 45.59 lakh sq ft and the combined built-up area for the six projects stands at 70.80 lakh sq ft. The modernisation of the six bu

Omaxe Ltd.'s price crossed below 30Day SMA today

Omaxe Ltd.

27 Jan 2025

102.64

0.55%

Realtor Omaxe To Invest Rs 2,800 Crore On Collaborative Projects Under New Brand

NDTV Profit

Under the new brand BeTogether, the company will focus on joint ventures, collaboration and development through the Public-Private Partnerships model.

Omaxe Ltd. has gained 37.90% in the last 3 Months

Omaxe to invest Rs 2,800 cr in real estate projects under BeTogether brand

Business Standard | 27 Jan 2025

Omaxe Ltd.

07 Oct 2024

102.64

0.55%

SAT stays Sebi order barring Omaxe, others from securities market for 2 yrs

Business Standard

The Securities Appellate Tribunal (SAT) has stayed a Sebi order that barred realty firm Omaxe, its Chairman Rohtas Goel, Managing Director Mohit Goel and others from the securities market for two years for misrepresentation in the company's financial statements. The latest order came after Omaxe and others challenged the order passed by the Securities and Exchange Board of India (Sebi) on July 30. In its ruling on October 1, the appellate tribunal said, "direction at paragraphs No. 41(1) and (2) shall remain stayed, subject to deposit of penalty amount by the appellant within four weeks". Paragraphs No 41(1) and (2) pertain to securities market ban and prohibition from holding any position as key managerial personnel of any other listed company imposed on individuals by Sebi. Sebi, in its ruling, restrained Omaxe, Rohtas Goel, Mohit Goel and three others -- Sudhangshu S Biswal, Arun Kumar Pandey, and Vimal Gupta -- from the securities markets for two years. Additionally, these fiv

Omaxe Ltd.'s price crossed below 30Day SMA today

Omaxe Ltd.

16 Sep 2024

102.64

0.55%

Delhi's new integrated stadium in Dwarka to be functional by 2027: DDA

Business Standard

Delhi Development Authority is building the stadium under the public-private partnership model with Omaxe as their partner

Omaxe Ltd. is trading above all available SMAs

Omaxe Ltd.

02 Sep 2024

102.64

0.55%

Omaxe Group unveils 2,500-crore project in Delhi: 50.4-acre multi-sports and cultural destination

Business Line

The Omaxe State project is expected to be completed by 2027 and to generate over 4,200 crore in revenue during its life-cycle

Omaxe Ltd. has gained 37.90% in the last 3 Months

Omaxe To Invest Rs 2,500 Crore In 50-Acre Commercial-Sports Complex At Dwarka

NDTV Profit | 02 Sep 2024 1 more

Omaxe Ltd.

17 Aug 2024

102.64

0.55%

Omaxe Q1 Review: Loss Widens Rs 147.44 Crore Due To Higher Expense

NDTV Profit

The higher expense happened due to higher cost of land, material consumed, construction works, and other project related expenses, the company said in an exchange filing on Wednesday.

Omaxe Ltd. has gained 37.90% in the last 3 Months

Omaxe Q1 results: Net loss widens to Rs 147.44 cr on rise in expenses

Business Standard | 17 Aug 2024

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