Real Estate Development (Residential, Commercial, Retail, PPP Projects)
Strategic Profile
Omaxe focuses on community development in Tier 2 and Tier 3 cities, leveraging public infrastructure for better real estate. The company has expanded into 31 cities across 8 states with marquee projects like Omaxe Connaught Place (best upcoming mall in India) and Omaxe Chowk (a PPP model project). Its portfolio spans contractual construction, township development, commercial complexes, and multi-storied apartments, positioning it as a diversified regional real estate player.
Cyborg Score Rationale
Recent Q2 results show net loss of 1.7B INR (improved from 2.39B INR YoY) and revenue decline to 3.2B INR from 3.89B INR YoY, indicating operational challenges despite historical delivery track record. The company has long operational history but faces near-term profitability headwinds typical of cyclical real estate developer.
Top Insights
Delivered approximately 132 Mn. Sq. Ft. (12.26 Mn. Sq. Mtr.) of developed areas since inception through FY 2022-23
Company acquiring 100% equity in Next10 Realbuild and Next10 Land Developers for strategic growth in real estate
Subsidiary received RERA registrations for Omaxe Residences and SCO Phase-3 Extension Faridabad, expanding pipeline
Entered agreement to sell 40% equity stake in Aquarise Developers, indicating portfolio optimization and capital management
Named Competitors
Residential & Commercial Real Estate — India's largest real estate developer
Integrated Real Estate Solutions — Premium residential and commercial developer
Regional Real Estate Development — South India-focused developer
Recent Developments
(Feb 2026) Subsidiary acquired RERA registrations for two major residential projects in Faridabad