Friday, 8 July 2016

Redevelopment in Delhi: Time to rope in private players; It will benefit the end users immensely

In the heartening to know that the Union Government is realizing the need for Redevelopment in Delhi. As a baby step towards this end, the cabinet has recently approved redevelopment of various colonies which houses close to 13,000 government employees at an estimated cost of approx Rs 33,000 crore.

With the redevelopment of colonies including Sarojini Nagar, Netaji Nagar, Nauroji Nagar, Kasturba Nagar, Thyagraj Nagar, Srinivaspuri and Mohammadpur, the number of housing units will increase to close to 26,000. It is also expected that with redevelopment, the amenities and facilities will also get a much needed facelift.

However, arbitrary allotment of the entire works of redevelopment either to Public Sector Company or to government department – in this case - National Buildings Construction Corporation Limited (NBCC) and Central Public Works Department (CPWD) is disappointing to say the least.

For no strong rational, the private builders, many of whom enjoy good credibility and track record were not considered for the job. Participation of the private sector ushers in more competition, the beneficiaries of which are ultimately the end users. As a matter of fact many of private players are considered much more efficient compared to government peers, thus, providing the work to government agencies without even considering private sector is bizarre and is an injustice to the enterprising private sector. In fact, such decisions create impediment in the growth of the sector, which is the largest employer after the agriculture sector in the country. It is therefore necessary that for any such work in the future, government should definitely consider the private sector and must not limit the exercise to government agencies only.

Also, considering the rising aspiration of citizens of Delhi, it is paramount that government should allow redevelopment of not just of government colonies but that of entire Delhi. Redevelopment will ensure robust infrastructure, world class sports and recreational facilities, proper sanitation, ample parking, green and open spaces as well as security and safety of citizens of Delhi.

The time is ripe and government must bite the bullet!

Monday, 27 June 2016

Smart city offers smart investment opportunity

Almost a couple of weeks ago, the centre added 13 more cities in the ‘Smart City’ list. The newly included cities are Lucknow, Chandigarh, Faridabad, Warangal, Dharmashala, Raipur, New Town Kolkata, Bhagalpur, Panaji, Port Blair, Imphal, Ranchi and Agartala. It is largely expected that ‘Smart City’ tag will help improve the basic infrastructure in these cities including assured water and power supply, sanitation and solid waste management, efficient transport and IT connectivity among others.

It is also expected that the inclusion will lead to improvement in overall lifestyle, higher level of ‘Urbanization’ not only in the city, but in the close vicinity as well. Health and hygiene is also bound to improve and lots of business development opportunities, particularly in the service sector is also likely to emerge, which in turn will lead to higher employment generation.

All these developments will undoubtedly have a positive impact on city’s real estate potential. And amongst the North Indian cities, the prospects of Lucknow, Chandigarh and Faridabad looks the brightest. According to the quarterly House Price Index (HPI) released by Reserve Bank of India all-India HPI increased to 221.7 in the third quarter 2015-16 from 218.2 in the second quarter of the financial year 2015-16. And it is Lucknow which witnessed the highest increase of 16.1%. With the ‘Smart City’ tag, the sentiments and prices are likely to increase further, particularly in places like Lucknow and Chandigarh.

Thus, if you are planning to buy a property – residential or commercial – the time is apt now. From plots to villas to 2BHK, 3BHK or 4BHK flats, the options galore. The same is the case with commercial projects. The key factor you need to keep in mind is the prospect of the particular area. And it is here that New Chandigarh and Gomtinagar Extension (Lucknow) scores over the other areas in Chandigarh and Lucknow respectively. It is high time – take a smart decision and lead a ‘Smart life’.

Monday, 29 June 2015

"Housing For All"- A Critical Scheme Is Launched

There are other issues too that need to be ironed out. In the past, lack of coordination between the Centre and the States has hindered the progress of such welfare schemes. While housing for all is a national agenda, land is a State issue and needs proper coordination between the Centre and the States.

Here is an insight on the matter by Mr. Mohit Goel CEO Omaxe -

“The launch of three urban rejuvenation schemes (Smart Cities, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for All by the Prime Minister today, entailing an investment of approx. Rs 4 lakh crore, will go a long way in providing homes to urban poor, job opportunities, better landscape, upgraded lifestyle, liveable cities and more importantly a fillip to the economy. Also, development of 100 smart cities and push for urban infrastructure upgrade for 500 cities through PPP model will breathe new life in our cities and throw up a lot of opportunities for the real estate which is going through rough patch over the past two years. The ground up approach towards giving a direction to how our cities grow is definitely praiseworthy considering the unorganised and haphazard development that has been happening in our cities. However, the main challenge for state governments and urban local bodies is to get things going by making effective use of huge investments, new technology and innovative methods in rejuvenating our cities. Omaxe’s presence in 8 States across 27 cities gives us the benefit in the huge opportunity that unfolds with these three urban schemes taking firm shape; and we are geared up for this challenge.” 

Sunday, 10 May 2015

Omaxe Unveils Entertainment Zone at Family Carnival… Land of Dinosaurs and Secret Chambers of TajMahal to open by Diwali 2015

Omaxe organized “Happy Family Carnival” in Omaxe Connaught Place, Greater Noida and unveiled the first phase of entertainment zone comprising “Land of Dinosaurs” and “Secret Chambers of TajMahal”. These attractions will be open for public by Diwali-2015.

At this historic occasion, the company invited all stakeholders with their families for the carnival which had loads of entertainment and fun games. Some of the entertainment include Indian Idol Singer doling out some sensational Bollywood numbers, a Bollywood dance troupe, musical tambola and a rock band besides fun games like video game, air hockey, bull ride, bouncy, bungee jumping, nail art, mehndi to name a few. It was a day of complete fun for people of all age group. The two attractions – Land of Dinosaurs and Secret Chambers of TajMahal – was the cynosure of all eye with kids thoroughly enjoying the robotic movement of this vast creature and appreciating the timeless beauty of TajMahal and the secrets that the chambers hold. The visitors were also excited about the lucky draw that was held twice. A vast line up of exquisite food and mocktail made for an exciting day for all.

Commenting on the development, Mr.MohitGoel, CEO, Omaxe Ltd. said: “Oh!Max is one of the most ambitious entertainment zones in North India. We are proud to helm it at the iconic Omaxe Connaught Place, Greater Noida. Once operational, the 24 Star Attractions along with shopping mall that houses some of the most renowned brands will bring in 25,000+ people into the mall from as far as 100KM radius.”
 Omaxe Connaught is India’s First Indoor Theme Park based shopping Mall. Oh! Max as the theme Zone is called has 24 star attractions which Include Land of Dinosaurs, The Secret Chambers of Taj, Jungle of Amazon, Chocolate Factory, Miniature world, The Unsinkable Titanic ,  Treasure of Boy King  Tutankhamun , Transformers, ChotaBheem, Carousal, Toy Train to name a few which is expected to draw large footfall. Spread over 1.9 million sq. ft., OCP has options for Retail, Entertainment, Office & Hotel. It is located in a highly inhabited region with immense growth potential. Oh!Max is bound to pull in people from across NCR & in times to come it will become the first choice of Entertainment & Shopping for people living in 100 km radius.

Friday, 8 May 2015

Omaxe Inaugurated Club Heaven. Residents Indulge in Entertainment, Fun and Games...

Omaxe Limited organized a carnival in the just inaugurated Club Heaven in Omaxe City, Bahadurgarh. Laced with Bollywood song and dance, games and lots of other fun filled activities that kept residents engaged through the evening.
The event was attended by Omaxe residents and their families along with other stakeholders.

The newly opened club was the cynosure of all eyes with all amenities of pleasure and rejuvenation like Swimming Pool, Spa, Sauna, Gym, Banquet Hall, Conference Room, gaming Zone, Table Tennis, Billiard Pool and other indoor games. Residents were overwhelmed and excited at the offering.

Indian Idol fame singer Mr. Rohit Sharma was the star of the evening. The audience was seen gyrating to the peppy Bollywood numbers doled out by him. Dance performance by a famous troupe, comedy and fire show got the adrenaline going. It was an evening of complete fun as kids were seen enjoying the several fun activities like like kids zone, bungee jumping, bouncy, cartoon character, tattoo, nail art, hoopla, magic show etc. Sumptuous food and amazing entertainment made for a perfect setting on a cool Saturday evening. 
Omaxe City on Delhi-Rohtak Road in Bahadurgarh is an inhabited integrated township spread across approx. 85 acres with options of plots, villa, floors, commercial shops, group housing etc. With open and green spaces, wide roads, parks etc., over 800 families residing in the township relish the luxury of comfortable living every day.

Lucknow’s First Man-made Beach Makes It A Futuristic Address | Waterscapes Lucknow - Bhoomi Poojan

After the overwhelming success of its two astounding and state-of-the-art residential complexes in Lucknow (namely Omaxe Heights in Gomti Nagar and Omaxe Residency in Gomti Nagar Extension), Omaxe on Thursday performed Bhoomi Poojan of yet another modernity-laced offering in Gomti Nagar Extension “Waterscapes”.

This residential apartment, strategically located in Gomti Nagar Extension, will have Lucknow’s first man-made beach which will let residents indulge in sun, sand and surf no matter how far they are from sea.  Waterscapes not only bring you closer to luxury but also to nature. It is meticulously designed with unique features where echo of water enchants the life. It makes you experience the new side of yourself; offers fun time for kids and brings them in the laps of nature with various games and adventures in the beach. It blissfully enriches your experience with every corner designed to perfection. 

Commenting on the development, Mr.MohitGoel, CEO, Omaxe Limited said: “The people of Lucknow have always reposed tremendous faith in us and the appreciation for our delivered projects has been very encouraging. We are committed to the city and in the last one decade, the company has provided not only quality affordable homes and modern commercial spaces but also contributed to the socio-economic growth of the city. Today, Gomti Nagar Extension is one of the most desirable locations in Lucknow and with its uniqueness Waterscapes will be an address to envy.

Gomti Nagar Extension has fast emerged as the choice of many. The proposed infrastructure and institutional developments will spur growth, habitation and create demand for residential and commercial spaces. The Government’s proactive policies will also create a lot of employment and further Lucknow’s march in the league of world-class cities. IT City, International Cricket Stadium, Corporate Offices, Metro Rail etc. are some of the proposed developments. Gomti Nagar Extension is the new destination and Waterscapes the obvious choice.

Monday, 20 April 2015

Omaxe Organised Mom and Kids ‘Full Pool Masti’ Experience at Omaxe Residency in Gomti Nagar Extension

Lucknow, April 19, 2015: Omaxe Limited organized a day long fun filled Mom and Kids ‘Full Pool Masti’ event at Omaxe Residency, sector 7, Gomti Nagar Extension, Shahid Path, Lucknow. During the daylong event people of all age group enjoyed fun-filled party at the pool side welcoming summer with splash.

The event was attended by Omaxe customers and their families. The event saw hundreds come along with their family including children to enjoy the various entertainment activities like ball throw, water zorbing, rain dance, kids bowling, cartoon characters, bungee jumping, video games, lucky draws, mehndi artists, nail art etc. The pedicure and spa sessions along with swimming pool activities added to the event’s highlights. Sumptuous food and amazing entertainment offerings made for a perfect setting to cool it off on a sunny afternoon where everyone relished and complimented Omaxe’s effort. Ms. Shikha Garg (AVP, Omaxe) and Mr. GauravDwivedi (AVP, Omaxe) were present at the event to welcome the guests.

According to Mr MohitGoel, CEO, Omaxe Ltd, with “Mom & Kids Full Pool Masti” organized in “Royal Club” at Omaxe Residency, we are delighted to showcase one of Lucknow’s most exquisite clubs once again. While this is an endeavour to give a platform to residents to engage with one another and build bonhomie, we feel extremely humbled to receive all the appreciation for the project for its quality, landscaping and modern facilities including a club that makes life rejuvenating for residents in the complex.”