Omaxe Limited

Founded in 1987 by first-generation entrepreneur Rohtas Goel, Omaxe Limited has grown into one of India’s most prominent real estate companies.

With a diverse portfolio encompassing residential, commercial, retail, and township projects, Omaxe has made significant contributions to urban development across the country.

This article provides an in-depth look at Omaxe Limited’s history, notable projects, financial performance, awards, sustainability initiatives, and recent challenges. 

Company Overview

• Name: Omaxe Limited
• Founded: 1987
• Founder: Rohtas Goel
• Headquarters: New Delhi, India
• Website: https://www.omaxe.com 

Omaxe began its journey as a construction and contracting business and entered the real estate sector in 2001 with its first project in Gurugram.

Since then, the company has expanded its operations across multiple cities, delivering over 12.62 million square meters of space in real estate and construction contracting.

Notable Projects

Omaxe has developed a wide range of projects across various cities, catering to different segments of the market. Some of the notable projects include: 

• Omaxe Chowk, Delhi: Located in the heart of Chandni Chowk, this project is envisioned as a world-class retail destination, blending traditional charm with modern amenities.
• Omaxe World Street, Faridabad: Inspired by iconic shopping streets worldwide, this commercial project offers a unique shopping experience with diverse retail outlets and entertainment options.
• The Lake, Chandigarh: A premium residential project offering luxurious apartments with scenic views and modern facilities.
• Hazratganj Residency, Lucknow: Situated in the prime location of Gomti Nagar Extension, this residential project combines elegance with convenience.
• Omaxe Royal Residency, Noida: A high-rise residential complex offering spacious apartments with contemporary designs and amenities.

For a comprehensive list of projects, visit

Financial Performance

Omaxe Limited has experienced fluctuations in its financial performance over recent years. According to its financial statements:

• Total Assets: As of the latest reports, Omaxe’s total assets stood at approximately ₹5,893.43 crore.
• Net Profit: The company reported a net loss of ₹140 crore for the fiscal year ending March 2024, marking a 27.4% year-on-year decline.
• Operating Revenue: The total operating revenue for the trailing twelve months was ₹1,561 crore, with a net profit margin of -43.9%.

These figures indicate challenges in profitability and highlight the need for strategic financial management.

Awards and Recognitions

Omaxe’s commitment to excellence has been acknowledged through various awards:

• Icon of Trust – The Extraordinaire Brand 2020-22: Awarded by Nexbrands, recognizing Omaxe’s credibility and customer trust.
• Stalwarts of North, Delhi-NCR: Conferred by Construction World Magazine, highlighting Omaxe’s significant impact in the region.
• Brand of the Decade 2024: Bestowed by BARC Asia, celebrating Omaxe’s sustained brand excellence.
• Construction Excellence Award: Presented by the Indian Concrete Institute for outstanding concrete structure in the commercial building category for Omaxe Hazratganj.
• Best Brands at ET Edge Best Brands 2023: Recognizing Omaxe’s strong brand presence and customer-centric approach.

Sustainability Initiatives

Omaxe has undertaken several initiatives to promote sustainability and environmental responsibility: 

• Eco-Friendly Construction: The company emphasizes green building practices, integrating energy-efficient designs and materials in its projects.
• Plastic Waste Utilization: In a bid to curb plastic pollution, Omaxe announced plans to integrate single-use plastic waste in road construction for upcoming projects, contributing to carbon credit savings.
• World Earth Day Initiatives: Omaxe reiterates its commitment to sustainability by promoting eco-friendly practices and raising awareness about environmental conservation.

However, it’s noteworthy that Omaxe’s sustainability performance score is currently 14 out of 100, indicating room for improvement in environmental commitments and transparency.

Useful Links

• Official Website: https://www.omaxe.com 
• Leadership: https://www.omaxe.com/about-us/leadership-team 
• Commercial Properties: https://www.omaxe.com/projects/search?project_category[0]=1&all_cities=all 
• Residential Properties: https://www.omaxe.com/projects/search?project_category[0]=2&all_cities=all 

Conclusion

Omaxe Limited has established itself as a key player in India’s real estate sector, with a diverse portfolio and a commitment to delivering quality projects.

While the company has achieved significant milestones and received numerous accolades, it also faces challenges that necessitate strategic planning and robust governance.

Addressing legal issues, enhancing sustainability efforts, and improving financial performance will be crucial for Omaxe to maintain its reputation and continue contributing to India’s urban development.