Realtor Omaxe To Invest Rs 2,800 Crore On Collaborative Projects Under New Brand

Realty firm Omaxe Group on Monday said it will invest Rs 2,800 crore to develop projects under a new brand BeTogether.

In a regulatory filing, Omaxe said the new brand is dedicated to reshape urban and economic development through collaborative real estate projects.

"The current projects being undertaken by BeTogether would entail a total investment of over Rs 2,800 crore," it added.

Under the new brand BeTogether, the company will focus on joint ventures, collaboration and development through the Public-Private Partnerships model.

BeTogether's project portfolio currently includes the joint venture initiative, 'BeTogether Centre Point Vrindavan'.

In addition, the brand is partnering with the Uttar Pradesh State Road Transport Corporation (UPSRTC) on several PPP projects to upgrade bus terminals in key cities, like Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.

In the last 37 years, Omaxe has established a strong footprint in 31 cities in 8 states of North and Central India and has delivered more than 1,350 square feet of area.