News articles tagged Omaxe

Omaxe promoters raise Rs 250 cr to infuse funds

Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.

Bhiwadi: Small Township developing in the desert

Bhiwandi, Rajasthan, is emerging as a promising affordable housing hub due to its strategic location, industrial growth, and infrastructure development. It's becoming a sought-after area.

Lucknow sets to become a hot realty hub

Lucknow is emerging as a prime real estate hub due to infrastructure growth and connectivity. IT city and international stadium boost investment and housing demand.

Real Estate Firms Fined for Anti-Competitive Practices

The Competition Commission of India (CCI) is probing five real estate firms, including DLF, for alleged anti-competitive practices, with DLF already facing a hefty fine.

Realty Big Players Attracted Towards Small Cities for Expansion

Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.

Omaxe Is Likely to start AIIMS Project

Omaxe has announced a new Rs 64.8 crore project for AIIMS in Rishikesh, Uttarakhand, with plans for further expansion in the near future.

Omaxe may raise prices

Omaxe Ltd plans to raise property prices and launch four new projects, investing fifteen billion rupees with projected revenues of 23 billion rupees over 30 months.

Indian developers set sights on Sri Lanka

Sri Lanka Eyes Revival with $2B FDI Target, Real Estate Investments

Omaxe to develop Hi-Tech Township in Lucknow

Omaxe Ltd. plans a Hi-tech township in Lucknow, expected to generate Rs 2800 crores over 5-7 years, enhancing local amenities and infrastructure.

Omaxe subsidiary will develop township

Omaxe subsidiary partners with Allahabad Development Authority for a 1,535-acre township project.

Builders under pressure as buyers force for refund

Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.

Home buyers to return back

The Reserve Bank of India cuts key rates to revitalize the housing market, which may entice home buyers back as banks reconsider loan pricing.

Rate cut may not prop up metro realty

Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.

LAVA Electronics in talks with realty

LAVA Electronics plans India entry by Q3 2009 through a franchisee model, targeting large hotels and high-end consumers.

Realty cos fight shy of price cuts

Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.

RBI makes recast of realty loans tougher

RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.

Realtors shift focus to budget housing

Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.

People Prefer Real Estate Companies For Business

The Indian real estate market is shifting towards professional management companies, with predictions of significant growth in the organized sector by 2030.

Realty stocks battered, Unitech down by over 51%

The real estate sector faced a significant decline in today’s stock market, with Unitech leading the fall with a 51% drop.

Omaxe's Arm Bags Rs 907.1 Million Order From Hindustan Zinc

Omaxe Infrastructure and Construction (P) secured a Rs 907.10 million order from Hindustan Zinc for developing a township in Dariba, Udaipur.

Realtors' Advance Tax Payment Falls Down

Leading real estate companies see sharp declines in advance tax payments amid economic slowdown, highlighting industry challenges and liquidity issues.

Housing Demand Falls in Small Towns

Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.

Delhi Slums Propose Huge Business To Realtors

Delhi Development Authority (DDA) plans to redevelop 30 slum clusters with private developers, offering higher FAR for increased profitability, similar to Mumbai's successful projects.

Real Estate Projects Become Attractive Due To Foreign Architects

Indian developers are increasingly hiring foreign architects for their projects, seeking a global perspective and expertise. While this offers advantages, some raise concerns about foreign firms' understanding of Indian business complexities.

Slow Down In Lucknow Realty

Small builders in Lucknow face financial strain due to rising inflation, increased interest rates, and escalating construction costs, impacting project pricing and buyer interest.