Realtor Omaxe raises Rs.440-Cr from Varde Partners

Publicly-listed real estate development company Omaxe has raised INR 440 crore from Värde Partners. The company will deploy the funds for delivery of its projects as well as for expansion. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP model with North Delhi Municipal Corporation in Chandni Chowk, Delhi which is scheduled for delivery in this fiscal. The group has so far delivered approximately 127.89 million sq. ft. (till December 2021) in real estate and construction contracting.