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This is an archive article published on June 3, 2010

Omaxe to build low-cost housing

Realty firm Omaxe today said it would develop an affordable housing project in Allahabad with an expected sales realisation of over Rs 150 crore.

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Realty firm Omaxe today said it would develop an affordable housing project in Allahabad with an expected sales realisation of over Rs 150 crore.

The 20 acre project Naffhil Homes will be a part of 1,535 acre hi-tech city in Allahabad. The company would offer 920 flats at a price range of Rs 9.57 lakh to Rs 17.8 lakh.

Naffhil Homes will have estimated revenue of over Rs 150 crore and would be ready for occupancy in around 30 months,Omaxe said in a statement.

“To cater to the unmet demand of about 25 million housing,we have launched Naffhil Homes,affordable housing in the range of Rs 9.57 lakh-Rs 17.8 lakh,” Omaxe Chairman and Managing Director Rohtas Goel said.

The Delhi-based developer has 53 projects in hand,out of which 21 are integrated townships,21 group-housings,9 malls and commercial complexes and two hotel projects. The company marks its presence in 38 cities and 10 states across the country.

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