About Omaxe Builders
Omaxe Ltd has established itself as a premier real estate development company in India. In the last18 years since it laid its first brick, Omaxe has grown multi-fold and has a strong presence in every sphere of real estate activity in India. All its projects carry the stamp of excellence that match the best in the world.
Founded by CEO and MD Rohtas Goel in 1989, Omaxe is a frontrunner in real estate development in India and at par with established developers with longer experience in terms of quality and delivery. By 2006, it had executed over 100 projects, and been retained by a number of blue-chip companies and institutions such as Amity University, Apollo Hospital in Ludhiana, Apeejay Group, IIT, Delhi High Court, Coke, Pepsi, Samsung and LG . Green Valley in Faridabad, Habitat Floors in Ghaziabad, South Avenue, Mayfield Garden, Olive in Gurgaon are striking residential properties of the Omaxe Group
In the last five years, it has executed 10 major projects, 8 of these in the residential segment, and 2 commercial, covering 5.13 million sq. ft. Omaxe takes pride in delivering projects on time and is building on its strengths with 46 projects at various stages of development. Of these, 19 are group housing projects, 13 integrated townships, 13 shopping malls and one hospitality venture. Concentrated largely in Central and North India, it is developing at present 140 million sq. ft of area across 30 towns in 9 states.
Omaxe is one of the first companies to receive the ISO 9001:2000 certification, and a rating of 5A2 from Dun and Bradstreet, which connotes a healthy financial base and competitive trading practices. The company has also been conferred a number of awards - "the Svedala", "Udyog Ratna", Pride of the Country from the Society of Industry and Business Achievements, Arya Vaidya Sala and the Industrial Award to name a few.
The Omaxe Foundation is a non-profit organization within the group, striving to provide opportunities for the underprivileged, and committed to the welfare of its construction workers.
The net worth of Omaxe stands at Rs. 3114.3 million, as on September 30, 2006. Its maximum growth was during 2005-06 when its profits grew 9 times over the previous year.
Omaxe has formed a new company, the Omaxe InfoTech City Developers Ltd with the objective of building state-of the art infrastructure for the IT industry.
The Story Behind Omaxe Builders
Rohtas Goel, Chairman and Managing Director, started his career in construction with a private firm, but his entrepreneurial skills drove him to set up his own construction and contracting business, Omaxe Builders Private Ltd., in 1989. A qualified civil engineer by profession, Goel’s zeal and energy is reflected in the quality of construction that Omaxe is synonymous with. A decade later, the firm re-constituted itself to become a limited company and came to be known as Omaxe Construction Ltd. As it took rapid strides in business, the need for a bolder identity was felt, and another re-invention to OMAXE LTD was made in 2006.
The company strives to match international standards and maintain integrity, transparency and high ethical standards in its services. Omaxe introduced the ‘sample flat’ in the group housing market which has now been adopted by all builders operating in the Indian realty market.
Keeping commitments have been the cornerstone of the success that Omaxe has achieved in its short history. In fact, the company was one of the first to impose the Penalty Clause on itself to protect the customer from delayed hand-over of flats.
Omaxe gains its strength from executing all its projects in-house, and does not engage in sub-contracting. This ensures maintenance of quality and timely completion and projects. It has been able to keep pace with the latest in construction technology, and upgrade its expertise to meet growing expectations.