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Omaxe enters into concession agreement with Lucknow Development Authority

31 Jan 2022 Evaluate

Omaxe has entered into a concession agreement with Lucknow Development Authority. Concession agreement for development, marketing and sale of Real Estate Township on a land parcel admeasuring approximately 668.9 acres (including Master Plan road) situated at Villages -Pyarepur and Kaliya Khera near the proposed ring road and on existing link road between Kanpur Road & Mohan Road, Lucknow. Consequent to this the Company will be entitled for development, marketing and sale of Real Estate Township on aforementioned land parcel.

Omaxe is an India-based company engaged in real estate and infrastructure businesses. The Company operates in two segments Real estate and Construction.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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