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Real estate is a debated investment category. Some well-known names in the sector which failed to keep commitments, have made investing in the business difficult. A long-term serious investor, however, does not merely invest on offers pushed through hundreds of advertisements that fill newspapers on weekends and engage social media space. She sieves out the best options before putting money in. If your intent is serious and real estate is your choice, you can explore properties developed by Omaxe Ltd.
In terms of sector performance, Omaxe ranked 8th in realty sector (Business Standard BS1000, March-2019). The group has developed properties in 27 cities of eight states and has delivered over 100 million square feet of real estate. According to a press release shared by the company in May, 2019, the consolidated income for Q4 FY19 from operations stood at Rs 299.25 crore. The consolidated PAT for the quarter was Rs 20.82 crore. The figures present a three-month scenario. With a stable government at the Centre and strong regulations in place, real estate is expected to perform better in 2019-20 and beyond. Omaxe is a serious player and is aiming at a stronger growth.
There are four Omaxe sites that are immediate investment options – New Chandigarh, Lucknow, Ludhiana and Prayagraj (Allahabad).
Investment option-I: New Chandigarh
A city with “smart” amenities is connected to nine highways that take you to Chandigarh, Punjab & Himachal Pradesh. It’s just next to Chandigarh, close to Mallanpur Garibdass town. Along with other projects, here, Omaxe is a major contributor in developing New Chandigarh. Green parks, open gym, wide roads within the project site, island gardens, club-Omaxe, spa & sauna, gym inside the club, tennis court, a proposed adventure park and a beautiful lake – there is a list of features that define this site. A property with such amenities is ideal for the resident, but is certainly important from investor’s point of view.
Investment option-II: Lucknow
In Lucknow, Omaxe is developing several projects. Among these, Metro City is a major investment option. It has plots, floors, villas and commercial spaces. Like Omaxe properties, you have all modern amenities and infrastructure, a mandatory component in modern housing. The site is close to the six-lane ring road which connects to Faizabad, Sultanpur, Raebareli, Kanpur, Agra and Sitapur. Flyovers, underpasses and overbridges around the site are different phases of development. The traffic flow is expected to stay smooth with such infrastructure, once more people start living here.
Investment option-III: Ludhiana
A township built for the ‘lion-hearted’. This should be on your itinerary, if you are headed for Ludhiana. It’s fresh, beautiful and amazing a project. You may want to buy a house here for yourself. Most properties here have a prefix ‘Royal’ to their names. The intent in putting this project together is clear. It’s big, luxurious and draws attention of Ludhiana’s high-society. Penthouses are a favourite with investors.
Investment option-IV: Prayagraj (Allahabad)
Prayagraj, erstwhile Allahabad, is an important city in Uttar Pradesh. While it’s popular for Kumbh Mela, the religious congregation, it’s an important centre for real estate, as people from adjoining districts find it easier to migrate to the city than looking for a house in Lucknow. It’s a city known for lawyers and doctors. Across the river, there is something interesting happening. A new city is slowly coming to life. Close to the Ganges, it’s ideal weekend retreat and post-retirement home for the spiritual soul. Moreover, people of Allahabad too have their housing needs. In both cases, it’s a viable investment option. Omaxe has two properties here – Aananda and Omaxshiva.