Omaxe’s arm secures contract from Uttar Pradesh State Road Transport Corporation

Omaxe Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532880 | NSE: OMAXE

07 Mar 2025 Evaluate

Omaxe’s wholly owned subsidiary -- BeTogether has secured a contract from Uttar Pradesh State Road Transport Corporation (UPSRTC) to modernize six key Bus Terminals in the Ghaziabad, Lucknow (Gomti Nagar), Prayagraj, Kaushambi, Ayodhya and Lucknow (Amausi) under PPP model. With a total investment of around Rs 2,700 crore, these projects are expected to generate over Rs 4,700 crore in revenue. The total saleable area across the projects is 45.59 lakh square feet and the combined built-up area for the six projects stands at 70.80 lakh square feet. The modernization of the six key Bus Terminals in Uttar Pradesh is a critical step in improving urban connectivity and infrastructure. These projects aim to enhance public transport infrastructure in Uttar Pradesh while integrating state-of-the-art commercial spaces.

The modernization of the six Bus Terminals integrates heritage-inspired architecture with contemporary infrastructure to enhance passenger convenience and commercial potential. Each terminal features automated ticketing systems, digital displays for real-time schedules, AC waiting lounges, comfortable seating with charging stations, escalators, lifts, and advanced security measures. Clean, well-maintained facilities, including modern toilets and diverse food options, ensure a seamless travel experience. The projects also include significant commercial developments with retail spaces, food courts, banquet halls, studio apartments, and office areas, along with ample parking and EV charging stations, making them key transit and business hubs in their respective cities.

BeTogether, a visionary initiative by Omaxe Group, is focused on reshaping India’s urban and economic development through strategic collaborations and Public-Private Partnerships (PPP).

Omaxe is one of India’s leading and trusted real estate companies. The company is into the business of developing real estate properties for residential, commercial and retail purposes.

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Peers

Company Name	CMP
Lodha Developers	965.60
Dilip Buildcon	478.50
DLF	608.40
Oberoi Realty	1703.85
Ahluwalia Contract(I	847.50
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