Omaxe
Mr Ashok Chawla, CCI or Competition Commission of India Chairman recently gave a statement saying that not all real estate sector problems can be solved by CCI and asked for a sector specific regulator. He further stated that CCI can play a role only when the entity in question is highly dominant and abusing its [...] Continue Reading »
The anti-competitive practices and the abuses of dominance top the list of complaints that have been filed by the consumers against the real estate players with the Competition Commission of India (CCI). As much as 150 cases have so far come to the fair trade regulator pertaining to the same as sources say. While the [...] Continue Reading »
Real estate firm Omaxe Ltd plans to raise Rs.300 crorein this fiscal of FY 2014- 2015 through selling part of its equity to fund the on-going as well as future projects. The company expects the property market to pick up momentum by the next quarter and has planned to launch seven projects in the July-September [...] Continue Reading »
Supertech, real estate major, have been asked by the Allahabad High Court’s in recent order to demolish two towers in Noida for violating building laws that has left the residents in the lurch even as the developer grapples to refund their money with 14% interest. There are several other developers in Noida and Ghaziabad against [...] Continue Reading »
Sonipat-Kundli and Panipat region is increasingly becoming popular with developers and investors alike. Few of the developers in the region are TDI, Ansals, Kamal Ideal Infratech Pvt Ltd, Jindal Real Estate, Eldeco, Parker, Omaxe, Parsvnath, Vardhman, Apex Developers, among others. The area has also seen great increase in terms of population and infrastructure development. It [...] Continue Reading »
Real estate potential of Bhiwadi has been rising high owing to its affordable prices, sound infrastructure and proximity to Gurgaon and Delhi. For those who cannot afford to invest in NCR regions like Gurgaon, Delhi or Noida, Bhiwadi is a good choice. Industrial hubs of Bhiwadi, Chopanki, Dharuhera and Khuskhera are in the vicinity of [...] Continue Reading »
Faridabad, a major industrial hub and the largest city of Haryana, is now considered to be the booming real estate hotspot. The city has been witnessing enormous development in physical as well as social infrastructure. The prevailing lower rates of properties is attracting most of the working population for long term investment as well as [...] Continue Reading »
Lucknow- The Sultanpur road is becoming a new growth centre with the proposed IT city, IIIT campus and international stadium. The housing demand has been increasing and many developers are launching residential projects in or near Sultanpur to meet the demand. For instance, Paarth Infrabuild has launched its residential project named “Paarth Aadyant” in Gomti [...] Continue Reading »
Omaxe, a realty firm, has witnessed a rise of a 34% in their sales booking at Rs. 1574 crore in the initial nine months of the this financial year with higher quantity and improvised realisation. According to an analyst, Omaxe has reached sales bookings of Rs. 1574 crore during April-December of 2012-13 financial year compared [...] Continue Reading »
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
