Omaxe Group News Today

Australian software company Axe Group has partnered with ManageEngine, the enterprise IT management division of Zoho, to tighten its data security and...

Omaxe Group is currently developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore, and Faridabad. The realty company is also developing a multilevel parking and commercial project in PPP model with North Delhi Municipal Corporation in Chandni Chowk, Delhi, scheduled for delivery in this fiscal.

Omaxe has secured new financial assistance totalling Rs 450 crore from Kotak Mahindra Bank Limited and out of this amount, Rs 290 crore has been utilized to repay the facility initially obtained from Varde Partners and the remaining Rs 160 crore will be allocated for development of its projects.

Omaxe Group has also repaid Rs. 440 crore loan from Varde Partners

The real estate has pinned high hopes on FM Nirmala Sitharamans Interim Budget 2024.

M3M recently announced a luxury high street retail and Pentsuites - or, serviced studio apartments - as part of a commercial project in Noida. The project will be developed on a three-acre land parcel with saleable space of about 900,000 square feet - 550,000 square feet in retail and 350,000 square feet for studio apartments.

Investors in India rode the sleigh of a dovish U.S. Federal Reserve, which hinted at three rate cuts in 2024, leading to a global surge in equities. On December 15, the Indian market joined the global rally, marking another session of bullish momentum.

On Thursday, 2064 stocks advanced, 1702 declined and 126 remained unchanged, with an advance decline ratio of 1.21 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

RBI policy meet: The central banks move reflects its confidence in the countrys economic fundamentals as well as growth prospects and will ensure EMI stability for borrowers

As the central banker kept the REPO rate intact in its latest monetary policy committee meet, real estate sector is expected to gain further in coming months.