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Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Lulu Gets Prime Land In AP Amid Protests From RTC Unions

The Andhra Pradesh government has leased prime land in Visakhapatnam and Vijayawada to Lulu International Shopping Mall Pvt Ltd for the construction of shopping malls, drawing sharp criticism from RTC employees’ unions and other groups over the use of public land for commercial purposes.As per Government Order No. 137 issued by the Industries and Commerce (Infra) Department, 13.74 acres at Harbour Park in Visakhapatnam and 4.15 acres of APSRTC’s Governorpet-II bus depot land in Vijayawada have been leased to Lulu Group for 99 years. The lease includes a three-year rent-free period or until..

Birla Real Estate Targets Rs 150 Billion Bookings by FY28

Aditya Birla Real Estate Ltd (ABREL) is targeting bookings worth Rs 150 billion by FY28, projecting a compound annual growth rate of 25 per cent. In FY25, its subsidiary Birla Estates recorded bookings of Rs 80 billion, while ABREL posted a 61 per cent year-on-year increase in bookings for Q1FY26.For FY26, ABREL plans to launch projects with a gross development value (GDV) of around Rs 139 billion across Thane, the Mumbai Metropolitan Region, National Capital Region, Bengaluru, and Pune, as stated in its Q1 earnings presentation.Chairman Kumar Mangalam Birla noted in the FY25 annual report tha..