Omaxe launches Thames in Rudrapur; Sells more than half of its offering

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Unleashing “Thames” a unique confluence of independent housing and community living, one of India’s leading real estate developers Omaxe Ltd launched its luxurious offering. Thames received a stupendous response — selling more than half of its offering in 24 hours; undermining the legend

of a brand that has stood the test of 22 years in pioneering real estate and infrastructure development through the uniqueness of quality, integrity and commitment. Thames is located in the already successful township Omaxe Riviera in Rudrapur, Uttarakhand.

Thames is positioned as a luxurious product, the first of its kind in Rudrapur. It is conveniently located, just 400 meters from NH-87, a strategic highway that connects Rudrapur to Nainital and Delhi. Thames will offer elegantly designed Floors with 4-bedroom in the size of 2,585 square feet. What makes Thames highly attractive is the environment — green, pollution-free and open and airy from all sides. Other features that provide for a luxurious living in Thames are branded specifications and international lifestyle like shower cubicle in master bathroom, steel railing in balcony and staircase, teakwood frame door and window and designer main door and fully modular kitchen cabinet with chimney and hob among others.

Elaborating further, Omaxe Ltd Chairman and Managing Director Mr. Rohtas Goel said: “Due to the presence of industries in Rudrapur, the demand for high-end housing among senior executives is equally high. Priced attractively, Thames has taken off in a big way as expected owing to demand from industries that are there in Rudrapur. And due to the steps taken by Uttarakhand Government in attracting investment, real estate demand will peak further. The presence of Omaxe Riviera in Rudrapur for the last few years has created a brand and trust among the people, a feat that stands unmatched even today. With Thames, the association with Rudrapur will be reinforced.”

Rudrapur has over the years emerged as a second home to many and on its own created demand from people working in this budding industrialized town. In Riviera, where more than 450 residents have begun to enjoy the luxury of 2/3/4 bedroom apartments, Omaxe has won praises and adulations and reinforced the brand name.

Adding to the same, Sr. GM (Sales and Marketing) Suren Goyal said: “In the first phase, Omaxe has launched 36 floors in Thames Tower and later, considering the demand, scale it up further. We have also introducing a unique attractive offer of Rs. 9 per sq ft per month as rental to buyers.”

Thames is a part of the integrated mini-township Omaxe Riviera; spread over 48 acres, on the Nainital Road. A blend of design and functionality, amenities include shopping space, school, health centre, club with swimming pool and gym, Jogging track and Central park, banquet hall, restaurant, wide road with green planted roadway, high tech security system, 24 hour power backup and water supply, dedicated car parking, manned entry and exit and elevator to name a few. It has specially designed apartments and villas.

Omaxe Ltd.

Going strong 22 years after it was incorporated; Omaxe Limited has emerged as a diversified Infrastructure conglomerate with presence in Real Estate and Infrastructure Development. Growing by leaps and bounds, Omaxe now has a presence in 12 States across 40 cities in India.

The company is currently working on 42 real estate projects – 17 Integrated Townships including 2 Hi-Tech Townships, 14 Group Housing projects, 8 Shopping Malls & Commercial Complexes, and 2 Hotel projects. The Company has already delivered more than 66 mn sq. ft. of area including 30 mn sq. ft. as third party contracting company and approx. 36 mn sq. ft. as real estate developer.

The company also diversified into infrastructure business in 2006 through its wholly owned subsidiary Omaxe Infrastructure and Construction Ltd (OICL) and in 2010 forayed into Highway and Bridge construction. In this vertical, there are 13 ongoing projects that comprises of EPC Contracts, Roads & Bridges construction.

Forward Looking Statements

Certain statements in this announcement are or may be forward looking statements. Forward looking statements involve risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date hereof. Omaxe expressly disclaim any obligation to update any forward looking or other statements contained herein, except as required by applicable.