Omaxe Secures Bus Terminal Projects
ROADS & HIGHWAYS

Omaxe Secures Bus Terminal Projects

Real estate developer Omaxe has secured projects to develop two bus terminals in Lucknow and Ayodhya Dham, with an estimated worth of Rs 3.85 billion. This strategic initiative aligns with Omaxe's expansion plans and underscores its commitment to contributing to the infrastructural development of key regions.

The proposed bus terminals are poised to become vital transportation hubs, catering to the increasing demand for modern and well-equipped facilities in Lucknow and Ayodhya Dham. Omaxe's involvement in these projects signifies its role in enhancing connectivity, providing convenient transportation options, and promoting overall urban development.

The development of these bus terminals is expected to have a positive impact on the local economy, creating job opportunities and boosting ancillary services in the vicinity. Additionally, the projects contribute to the improvement of regional infrastructure, aligning with the broader goals of enhancing public transportation and connectivity.

Omaxe's foray into the development of bus terminals reflects the company's diversification into key infrastructure projects. The strategic investments in Lucknow and Ayodhya Dham not only demonstrate Omaxe's commitment to urban development but also position the company as a significant player in contributing to the growth of transportation infrastructure in Uttar Pradesh.

Real estate developer Omaxe has secured projects to develop two bus terminals in Lucknow and Ayodhya Dham, with an estimated worth of Rs 3.85 billion. This strategic initiative aligns with Omaxe's expansion plans and underscores its commitment to contributing to the infrastructural development of key regions. The proposed bus terminals are poised to become vital transportation hubs, catering to the increasing demand for modern and well-equipped facilities in Lucknow and Ayodhya Dham. Omaxe's involvement in these projects signifies its role in enhancing connectivity, providing convenient transportation options, and promoting overall urban development. The development of these bus terminals is expected to have a positive impact on the local economy, creating job opportunities and boosting ancillary services in the vicinity. Additionally, the projects contribute to the improvement of regional infrastructure, aligning with the broader goals of enhancing public transportation and connectivity. Omaxe's foray into the development of bus terminals reflects the company's diversification into key infrastructure projects. The strategic investments in Lucknow and Ayodhya Dham not only demonstrate Omaxe's commitment to urban development but also position the company as a significant player in contributing to the growth of transportation infrastructure in Uttar Pradesh.

Next Story
Infrastructure Urban

Omaxe Secures Bus Terminal Projects

Real estate developer Omaxe has secured projects to develop two bus terminals in Lucknow and Ayodhya Dham, with an estimated worth of Rs 3.85 billion. This strategic initiative aligns with Omaxe's expansion plans and underscores its commitment to contributing to the infrastructural development of key regions.

The proposed bus terminals are poised to become vital transportation hubs, catering to the increasing demand for modern and well-equipped facilities in Lucknow and Ayodhya Dham. Omaxe's involvement in these projects signifies its role in enhancing connectivity, providing convenient..

Next Story
Real Estate

Omaxe Secures Rs 450 Million Funding from Kotak Mahindra Bank

In a significant financial move, Omaxe, a prominent name in the real estate sector, has successfully raised Rs 450 million in funding from Kotak Mahindra Bank. This strategic alliance is poised to fuel Omaxe's ambitious projects and fortify its market presence. The infusion of funds comes at a pivotal juncture, aligning with Omaxe's expansion plans and the burgeoning demand for quality real estate solutions. Kotak Mahindra Bank's commitment to this substantial investment underscores the confidence in Omaxe's robust business model and its standing in the real estate landscape. The funding is ea..

Next Story
Infrastructure Urban

Omaxe Pays Off Debt, Fuels Growth with New Funds

Omaxe Group, a listed real estate developer, has completed the early closure of a Rs 440 crore loan while securing fresh financial assistance of Rs 450 crore from Kotak Mahindra Bank, signifying a strategic financial maneuver for future growth.

The company fully repaid the loan from Credit Solution India Trust (Varde Partners) along with accrued interest, demonstrating its financial discipline and commitment. Rs 290 crore of the new funding from Kotak Mahindra was used to repay Varde Partners, while the remaining Rs 160 crore will be channeled towards ongoing project development.

Next Story
Infrastructure Transport

GIS mapping of all National Highways to be completed soon

The government announced its intention to complete GIS mapping of all National Highways with the aim of enhancing planning, execution, and monitoring processes.

It was conveyed by the Ministry of Road Transport and Highways (MORTH) that project implementing units of various agencies, including the National Highways Authority of India (NHAI), Border Roads Organisation (BRO), and National Highways and Infrastructure Development Corporation Ltd (NHIDCL), were instructed to indicate their jurisdiction on a dashboard.

The primary goal of this standard operating procedure (SOP) was t..

Next Story
Infrastructure Transport

Highway Construction Accelerates Despite Election Season

Highway construction in India has not slowed down during the current election season, according to officials. Instead, there has been a noticeable acceleration in road infrastructure projects across the country.

Authorities highlight that the construction momentum has been maintained despite the electoral activities, underscoring the government's commitment to advancing infrastructure development. This proactive approach aims to enhance connectivity, facilitate economic growth, and improve transportation efficiency nationwide.

The surge in highway construction activity reflects s..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram