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. Go through the following lines to get information on the profile of Omaxe Group.
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). The company boasts of being a client of private and public sector industries of India as well as MNCs including LG, Pepsi, Samsung, Wave Cinemas, National Brain Research Centre, P.G.I. M.E.R, Apollo Hospitals and Delhi High Court.
Omaxe Limited has so far completed and delivered 10 projects, consisting of 8 residential and 2 commercial, covering approximately 4.2 million square feet of area, valued at Rs.360 Crore, with all on time deliveries. At present, the company has over 100 million square feet of area under development, with projects spreading across 30 towns in nine states of India. 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.
Omaxe Limited has collaborated with Thai Privileged Spas to build high-end luxury spas in some cities of India. The Forest Spa in Noida, Royal Residency in Ludhiana and Omaxe Spa Village in Faridabad are some of the projects of the joint venture. In the recent time, Omaxe Limited announced the launch of Omaxe Eternity, an integrated township in Vrindavan. The township is spread over an area of 52 acres. It is located in the vicinity of the famous ISKCON Temple. The company has launched Panache Homes in Greater Noida, Faridabad and Ludhiana. The company continues to provide world-class facilities to the residential as well as commercial projects acquired by it, over the passing years.
Note: Last updated on July 10,2009.