Omaxe’s sales booking increased by 55% during last fiscal and stood at Rs 2,373 crore as it sold more area at a higher rate. Out of total sales bookings, Rs 493 crore was from commercial segment and rest Rs 1,880 crore from residential that includes built-up area and plots.
The company has sold 11.39 million square feet of area during 2012-13 fiscal for a sales value of Rs 2,373 crore against 8.83 million square feet area for Rs 1,526 crore in the previous financial year. The average price realization rose by 20% during the last fiscal at Rs 2,083 per square feet against Rs 1,729 per square feet in 2011-12 fiscal.
Omaxe has presence in 30 cities across nine states. It is developing 13 group housing projects, 19 integrated township, 9 commercial malls. The company’s gross debt stood at Rs 1,082 crore at the end of March 2013 and it has to pay Rs 147 crore in the next three months. The company launched 7.54 million square feet of area during last fiscal.