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Realty firm Omaxe Ltd has sold 173 luxury homes in its new project at Faridabad, Haryana for around Rs 800 crore amid strong demand. The Delhi-based listed real estate company also sold 120 commercial units in Faridabad for Rs 160 crore. In a statement on Saturday, Omaxe informed that the company has sold all residential and commercial units at its two newly-launched projects 'Omaxe Residences' and 'The Grand Europe' in the city. The company recently launched and sold 173 residential units for about Rs 800 crore. That apart, Omaxe launched and sold 120 SCO ( shop-cum-office) units for Rs 160 crore. These two projects, slated to be delivered in 2030, are part of its integrated mixed-use township 'World Street by Omaxe'. "Faridabad has a high concentration of successful individuals but has long lacked an ultra-luxury residential and commercial ecosystem that mirrors global standards," Mohit Goel, Managing Director of Omaxe, said. He said the company intends to fill this demand-sup
Realty firm NB Group will invest Rs 350 crore to develop a luxury housing project in Ahmedabad as part of its expansion plan. The company has launched a residential project, 'NB Palm', comprising 136 apartments. The size of the land parcel is 6,300 square yards. Nishith Shah, CMD of NB Group, said the total investment to develop this project is estimated at Rs 350 crore. The company will meet the cost largely from internal accruals. The company has launched this project at Rs 6,500 per sq ft. The price of an apartment starts from Rs 2.5 crore. Parshwa Shah, Director at NB Group, noted that the Ahmedabad housing market is witnessing steady growth, with nearly 18,700-19,000 residential units sold in 2025, reflecting around 2-3 per cent annual growth. "Today, homebuyers are well-informed and seek quality construction, timely delivery, and thoughtfully designed lifestyle amenities," he added. Shah mentioned that the affordable and mid-range segments remain the backbone of the Ahmeda