Omaxe invests Rs 180 cr in 'Twin Towers'

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Noida, Mar 17: Delhi-based real estate developer Omaxe said it will soon start a high-end project with luxury apartments and penthouses here with an initial investment of Rs 180 crore.

''The company will construct an area of three lakh sq ft in the project named, Omaxe Twin Towers, which will be one of the tallest building with 19 floors in the NCR region,'' Sr Vice President (Corporate Communication) Omaxe, Amitabh Bhattacharya told UNI. The 19 floor residential tower will have all the modern facilities and will be completed within 30 months, Mr Bhattacharya added.

Following the league of most real estate developers, Omaxe too will soon build a special economic zone in Alwar, Rajasthan, Mr Bhattacharya mentioned. Apart from building luxury apartments, the company also plans to construct 'houses for the common man' through their ''Ek Awaas Sabke Paas'' scheme.

The company which had grossed a revenue of Rs 14,396.79 crore in FY07 is currently executing 55 residential and commercial projects.


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