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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.