Construction firm Omaxe today said its subsidiary has entered into an agreement with Allahabad Development Authority for the development of a township in Allahabad.     

Pancham Realcon has has entered into a memorandum of understanding (MoU) for the development of township in Allahabad on a proposed area of 1,535.12 acres, Omaxe said in a filing to the Bombay Stock Exchange (BSE).     

Also Read   Related Stories News Now - Punj Lloyd Group bags orders worth Rs 5,904 cr in Libya - Gammon India's March qtr net up three fold at Rs 72.63 cr - HCC bags Rs 387-cr order for Bhutan power plant - BEML net up 45%; order book at Rs 5,036 cr - AM Naik sells L&T shares worth Rs 6.42 cr - Chauhan opens LiuGong India unit at Pithampur

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr More

Shares of Omaxe were trading at Rs 74.55 on the BSE, down 6.40 per cent from previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

Tags : construction | Omaxe | Allahabad Development Authority | township | Pancham Realcon   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -   -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here