OMAXE LTD (NSE:OMAXE)
Recently the company, a prominent real-estate group of north India, was in news for 2 reasons, IT department conducted searches of its premises a couple of weeks ago, however so far concerning alarm is not raised after the searches and their share price is still stable.
In other news, the company has leased over a one-lakh sq ft of retail space at World Street, Faridabad.
“The presence of various national and international brands reflects the growing interest of occupiers and shoppers. Faridabad is gaining popularity with corporates and businesses, and we will strive to create a diversified and enriched shopping experience that further enhances World Street’s prominence amongst them,” said Jatin Goel, Director, Omaxe Ltd.
The project looks promising and can give the company returns over a period, and so can its shareholders.
The company is engaged in real estate activities and the business of providing infrastructure facilities. These include housing and real estate development. Its portfolio includes hi-tech townships, integrated townships, group housing, office spaces, shopping malls, and Hotels. The company’s projects are based in Lucknow, Ludhiana, Prayagraj, and New Delhi, among other areas
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