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Despite slow down Omaxe still continues

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Despite the slow down in the country’s realty, Omaxe group has made some upward movements in the realty activities. According to the source of www.propertykhazana.com recently the Delhi based company has secured a construction project to keep up the flow of liquidity with the Haryana State Roads and Bridges Development Corporation. The estimated budget is around Rs 39.94 crore. CMD of the Omaxe group reveals that “in the last six months the company has gained orders of around Rs 650 crore and now the company is on the way to touch the turnover with another Rs 650 crore for the coming six months.
Source of www.propertykhazana.com also reveals that, currently the company is concentrating on the smaller segments of the construction business to minimize the requirements of the projects. The company also had made a launch of an integrated township at a prime location in Vrindavan with units ranging from Rs 7.25 lakhs to that of Rs 14.25 lakhs specially for the mid income groups. These units are mainly consisted of single room and double room targeting margins of approximately 12 percent and 15 percent.
The project will be a kind of self financing one, where the Omaxe group has already received around 20 percent of the total cost of the construction which in turn will help them to propagate the stagnant liquidity field so far. As per the source of www.propertykhazana.com after this activity the company was credited with 10 percent rise at the BSE and also increased the deep graph of sales volume from last couple of months. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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