Omaxe Ltd News
Omaxe Group to invest Rs 2,500 cr to build 50-acre complex in Delhi
Realty firm Omaxe Group will invest Rs 2,500 crore to develop a 50-acre commercial-cum-sports complex at Dwarka in the national capital to expand its business. In a statement, Omaxe said it has launched the commercial project 'The Omaxe State' comprising sports complex, retail area and a hotel. The company will build a cricket-cum-football stadium of global standards apart from indoor games facilities. Spanning over 50.4 acre in Dwarka Sector 19-B, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment of over Rs 2,500 crore. "Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a world-class cricket stadium," the company said. The project will feature a world-class, modern ICC and FIFA-standard international cricket-cum-football stadium with a seating capacity of over 30,000, as well as an international multi-sports indoor stadium that can accommo
 "Omaxe Group to invest Rs 2,500 cr to build 50-acre complex in Delhi")
Omaxe Q1 results: Net loss widens to Rs 147.44 cr on rise in expenses
Realty firm Omaxe Ltd has posted a consolidated net loss of Rs 147.44 crore in the first quarter of this fiscal year on higher expenses. The company's net loss stood at Rs 106.32 crore in the year-ago period. The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13. Total expenses rose to Rs 542.40 crore in the quarter under review, from Rs 352.39 crore a year ago. Omaxe is one of the leading real estate developers in the country. It has a presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh.
 "Omaxe Q1 results: Net loss widens to Rs 147.44 cr on rise in expenses")
