Omaxe
Limited
Established in 1987 as Omaxe Builders to
undertake civil construction and contracting business, the company
was renamed as Omaxe Limited to reflect the subsequent change in
ownership pattern and diversification of business into real estate
development.
After making its foray into real estate in 2001, Omaxe Limited has
emerged as one of the prominent Indian real estate companies
piggybacking on the demand for world-class housing and business
complexes. In a short span of five years, Omaxe Group has carved a
niche for itself for providing high-quality residential and
commercial real estate solutions across NCR of Delhi that offer
value for money to customers.
Omaxe Limited has so far completed and delivered 10 projects
consisting of 8 residential and 2 commercial covering approx 4.2
million sq. ft of area, valued at Rs.360 crores with all on time
deliveries. The company at present has over 100 million sq.ft of
area under development with projects spreading across 30 towns in
9 states.
Omaxe's ventures in the real estate business include developing
Integrated Townships, Group Housing, Shopping Malls, Multiplexes,
Hotels, Resorts, IT Parks, Biotech Parks and SEZS. Some of Omaxe
Group's major commercial ventures include Omaxe Plaza, Wedding
Mall and House 2 Home (Gurgaon), Wedding Mall (Patiala), Omaxe
Plaza (Ludhiana), Omaxe Arcade and NRI city centre (Greater Noida),
Park Plaza (Indirapuram), Wedding Mall (Agra), and Citadel and
Pearls Omaxe (Delhi).
Omaxe, an ISO 9001:2000 company, has pioneered many innovations in
the real estate industry. Among the many was the Sample Flat
Concept where the buyer could see exactly what he was getting.
Omaxe also brought in the Penalty Clause that protected customer
interests by promising compensation in case of delayed delivery
and escalation.
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