Omaxe

Omaxe Limited is a privately held real estate developer based in New Delhi, India.[2] Founded by Rohtas Goel in 1989,[1] the company has delivered more than 100 million sq. ft. of developed space including apartments, plots and commercial units.[4] The company has a land bank of approx. 3,700 acres comprising 125 million sq. ft. of area, which is to be developed in the future. From metros to the tier I, II and III cities, it has established presence in 27 cities across 8 states namely Delhi NCR, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Himachal Pradesh, Punjab, Haryana, and Rajasthan.[5][3]

Omaxe Limited
Public company
Traded asBSE: 532880, NSE: OMAXE [1]
IndustryReal estate
Founded1989
FounderRohtas Goel
HeadquartersNew Delhi, India
Key people
ProductsOffices
Apartments
Shopping Malls
Hotels
Villas
Penthouses
Revenue₹ 16.27 billion (2016) [1]
Number of employees
1575
Websitewww.omaxe.com

Company history

Rohtas Goel, a first-generation entrepreneur and civil engineer, founded Omaxe to undertake construction and contracting business in 1987. In 1989, it was incorporated as Omaxe Builders Private Ltd. and subsequently in 1999; it became a ‘Limited Company’.[1] Omaxe made its inroads into the evolving real estate sector in 2001. It soon launched several group housing projects at Noida and subsequently also launched its first township, the NRI City at Greater Noida. The company came out with its initial public offering, which got oversubscribed by 70 times, in 2007.[1]

Projects

Omaxe has diversified asset classes of townships, residential, commercial – shopping mall & office space and hotels.[1] In the residential segment, it offers developed plots, villas, penthouses, group housing and independent floors. The company is presently executing 39 real estate projects – 13 group housing, 16 townships and 10 commercial malls, hotels[5][3] but they are not providing amenities for which they are charging Maintenance so gradually their credibility is going down.

Awards and recognition

  • Special Jury Award for Excellent Contribution to Real Estate in Tier 2 & 3 cities at the Property Awards 2015.[6]
  • First Construction Company of northern India to receive an ISO 9001:2000 Certification.[1]
  • Excellence Award as recognition in excellence in productivity, quality innovation and management From Institute of Economic studies.[1]

References

  1. "Profit.ndtv.com". NDTV.com. Retrieved 2016-07-09.
  2. "Reuters Finance". in.reuters.com. Retrieved 2016-07-09.
  3. "Mohit Goel, CEO, Omaxe Ltd". IIFL. Retrieved 2016-07-09.
  4. "Euromoney Institutional Investment Company". EMIS.com. Retrieved 2016-07-09.
  5. "Commonfloor". commonfloor.com. Retrieved 2016-07-09.
  6. "Property Awards Winners 2015". NDTV. Retrieved 2017-06-27.
Construction projects undertaken by Omaxe Ltd.
Type of project Name of project Location
Integrated TownshipOmaxe New ChandigarhChandigarh
Integrated TownshipWorld Street FaridabadFaridabad, Haryana
Integrated TownshipOmaxe CityIndore, Madhya Pradesh
Commercial MallOmaxe Connaught placeGreater Noida, Uttar Pradesh
ResidentialOmaxe Royal ResidencyLudhiana, Punjab
ResidentialGrand OmaxeNoida, Uttar Pradesh
ResidentialOmaxe HeightsLucknow, Uttar Pradesh
ResidentialOmaxe CityJaipur, Rajasthan
ResidentialOmaxe ResidencyLucknow, Uttar Pradesh
Luxury ResidentialThe Forest Spa NoidaNoida, Uttar Pradesh
Luxury ResidentialThe Forest Spa SurajKundFaridabad, Haryana
Luxury ResidentialOmaxe CitySonipat, Haryana
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