Omaxe Ltd News
Omaxe soars 20% on launch of dedicated hospitality arm, to invest ₹6200-cr
Omaxe Ltd has announced that the dedicated hospitality business vertical will develop 19 hotels spread over nearly 5 million sq. ft. across five states in the next 4-5 years.
 "Omaxe soars 20% on launch of dedicated hospitality arm, to invest ₹6200-cr")
Omaxe share price zoms 18% on bourses; here's what is fuelling the buying
Following the announcement, the company's share price surged as much as 18.06 per cent to hit an intraday high of ₹80.98 per share on the NSE
 "Omaxe share price zoms 18% on bourses; here's what is fuelling the buying")
Omaxe sells out 2 Faridabad projects; 120 commercial units fetch ₹160 crore
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
 "Omaxe sells out 2 Faridabad projects; 120 commercial units fetch ₹160 crore")