Omaxe


Omaxe Limited is a privately held real estate developer based in New Delhi, India.
Founded by Rohtas Goel in 1989, the company has delivered more than 100 million sq. ft. of developed space including apartments, plots and commercial units. 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.

Company history

, 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’. 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.

Projects

Omaxe has diversified asset classes of townships, residential, commercial – shopping mall & office space and hotels. 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 but they are not providing amenities for which they are charging Maintenance so gradually their credibility is going down.

Awards and recognition