Omaxe has purchased 7,000 equity shares of face value of Rs 10 each at a rate of Rs 10 each aggregating to Rs 70,000 of VKG Landcon on April 13, 2015, thereby making it a subsidiary company.
Omaxe has a land bank of about 4,400 acres in 30 cities across 9 states. The Delhi-based firm is executing 42 real estate projects that include 18 townships, 14 group housing and 10 commercial.