Tag: Goel

Omaxe promoter buys out co’s stake

November 6, 2008 – 1:20 am

Real estate prices are unlikely to see the heady levels of late 2007 and early 2008, anytime soon. That could make clear why more promoters are getting serious about tapping opportunities in the affordable housing. On Tuesday, Rohtas Goel, chairman of Delhi-based real estate company, Omaxe, bought out the company’s 51% stake in National Affordable […]

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Realtors’ Advance Tax Payment Falls Down

September 30, 2008 – 1:32 am

Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore […]

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Jewel Of India Taking Shape

February 29, 2008 – 3:54 am

Suncity Projects, a New Delhi-based real estate company, is branding its upcoming mega malls (typically a million sq ft plus area) as Jewel of India. The company, promoted by media baron Subhash Chandra’s younger sibling Lakshmi Goel, has identified Jaipur, Mohali, Chandigarh, Greater Noida, Indore and Bareilly as focus cities for its new mall brand. […]

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