Page 28 - September 2015 Digital Construction Opportunities

REALTY BIZ but moving ahead with trust and support All these projects have reinforced the from all our stakeholders. We have our company’s dominance and earned for it Total turnover: st eyes set on achieving this by creating value a lot of goodwill and trust. To drive the `1017 crore (As on 31 December, for stakeholders through professionalism, next phase of growth, Omaxe is executing 2014) transparency, quality, cutting-edge quality afordable homes and world-class Units sold: st technology and social responsibility. themed shopping malls and ofces in cities 2.87 mn sq. ft. of area (As on 31 like Lucknow, New Chandigarh, Faridabad, December, 2014) Tell us about your areas of focus which is Ludhiana, Vrindavan, Bahadurgarh, Indore, No of new projects being executed: 42 driving your business volumes ? Greater Noida to name a few. Projects Delivered: We have a diversified portfolio of We are presently executing 42 real estate Projects across 92 million sq ft (32 residential and commercial properties and projects across different verticals – 18 million sq. ft in construction contracting operate in a wide product spectrum in integrated townships, 14 group housing and and 60 million sq ft in real estate) each category. Our project line includes 10 shopping malls, ofce spaces and hotels in Geographical Reach: hi-tech and integrated townships, group- states like Haryana, Punjab, Uttar Pradesh, 27 cities across 8 states in India housing complexes, shopping malls, studio and Madhya Pradesh. Some of our several We ensure that our projects follow all apartments, ofce spaces, hotels and shop ongoing projects are the Omaxe Residency- government norms on construction. cum ofces (SCOs). Largely, we are into II, Omaxe Waterscapes, Te Palace, Grand We take the utmost care to protect the residential space, particularly the afordable Omaxe and Omaxe Hazratganj — all in environment and provide our customers housing segment which has been driving Lucknow; Omaxe New Chandigarh in with environmentally sustainable housing our business volumes. However, apart from New Chandigarh; and Omaxe City Centre with clean and green environment. group housing projects, we also develop in Faridabad. The company has also successfully individual housing plots, villas etc. blended business excellence with social Give us an understanding about the commitments. Apart from environmentally Briefy tell us about prestigious projects company’s present fnancial status? What sustainable and energy efcient projects, completed and ongoing? are the key income group targeted through the company through Omaxe Foundation In the last two decades, Omaxe has carved your projects? also takes up many CSR (corporate social a niche for itself in the evolving real estate All our projects are either funded through responsibility) projects in the feld of health, market with both luxury and afordable bank loans or internal accruals. Our ability education, community development etc. offerings. Some of our key delivered to maintain customer’s trust by ofering projects are the NRI City, Greater Noida; world-class amenities helped us achieve a What is your outlook on the sector’s Omaxe Twin Towers, Noida; Grand turnover of `1017 crore as of December 31 st growth prospects and tell us about the Omaxe, Noida; Te Forest, Noida; Omaxe 2014. Te units sold during the period stood company plan for future expansion? Heights, Lucknow; Omaxe Residency, at 2.87 million sq f of area aggregating Te market sentiments for the realty sector Lucknow; Omaxe Heights, Omaxe New up to `1145 crore. We mainly target the have improved from the situation which Heights and Omaxe Hills in Faridabad. afordable segment through our projects. existed a year ago. However, the buyers are Most of our projects fall in the `25-50 lakh yet to return to the realty market. Demand range. We have done extremely well to cater is low, especially in metro cities. We believe to the housing needs in tier-II and tier-III that high interest rates and uncertainty in cities. respective households’ earning capability as the major causes behind this slow demand Tell us about the best construction infow. practices, technology and special materials Te sector needs aggressive rate cuts from used in projects? both the Reserve Bank of India and banks We employ the best construction practices so that credit is cheaply available not just by using state-of-the-art technology and for builders to access and expand, but also latest innovation in construction designs. for consumers to purchase houses. We have In addition, we also associate ourselves to incentivise and provide stimulus for with some of the most renowned architects generating demand. Keeping the sector in in the industry, both from India and an abyss for far too long will only deprive abroad. Te state-of-the-art complexes that the economy of real growth, employment throng NCR and several tier II and III and more importantly housing units. Our cities are testaments of our capabilities and business policies are strategically planned as expertise. Te market today recognises us as per market dynamics. a responsible leader. Our vision is to continue our journey as a trusted leader in the realty sector by What is your company’s approach on contributing to building a progressive environment and sustainability? India. u 28 construction opportunities|SEPTEMBER 2015