Omaxe secures Rs 440 cr funding from Varde Partners

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Omaxe, one of India’s leading real estate development companies, today said it has raised Rs 440 crore from Vārde Partners, a leading global alternative investment firm.

The company said it will deploy the funds for expediting construction and 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 scheduled for delivery in this fiscal.

The Group has so far delivered approx. 127.89 million sq. ft. (till December 2021) in real estate and construction contracting.