New Delhi, November 10, 2021: Omaxe, one of India’s leading real estate companies, has leased 58,222 sq. ft. in its operational high street project Omaxe World Street in Sector 79, Faridabad.
In the first six months of this fiscal ending September 2021, ten brands across a wide range of categories have opened their stores in this themed project whose architecture and ambience are inspired by the world-renowned shopping destinations of London, Hong Kong, Portugal, Athens, and Amsterdam.
Commenting on the development, Mr. Jatin Goel, Director, Omaxe Ltd. said, "Considering that the economy was severely affected for 2-3 months due to the Second Wave of the COVID-19 pandemic, the strong revival of the economy due to rapid vaccination and pent-up consumer demand has sparked interest by retailers. Besides, the location of World Street, in the middle of a thriving indulgent consumer class, is another reason for the interest shown by retailers and shoppers.”
It is reiterated that the company had leased over 31,000 sq. ft. from November 2020 - February 2021. The festive season last year witnessed record footfall.
“We expect this festive season to be as exceptional as last year for our retailers. The company is committed to facilitating a conducive environment and ensuring footfall through events etc. for the benefit of our retailers,” Mr. Goel added.
F&B, apparels, everyday need store, games, etc. are the categories in which brands have opened their stores.
The shopper-and-business friendliness of this high street project like unconstrained movement, hassle-free entry of cars, open sky dining in fancy restaurants and cafes, variety in food and shopping, daily need stores, Banks and ATMs, etc. have led to its emergence as the go-to destination. Not to forget its excellent architecture!
Currently, there are close to 200 operational stores in Omaxe World Street comprising local, national, and international brands giving the population of Faridabad a wide range to choose from.
The project is accessible within 15 min drive from three metro stations on Delhi – Ballabgarh metro line, namely Bata Chowk, Neelam Chowk, and Escorts Mujesar. Wide sector roads, several highways & expressways, etc. are facilitating the influx of people from Delhi-NCR, NIT, and Old Faridabad regions besides Greater Faridabad.
With 126.15 million sq. ft. of delivered space in real estate and construction contracting, Omaxe is today one of India’s leading and trusted real estate companies. The brand ‘Omaxe’ was founded in 1987 by visionary first-generation entrepreneur & civil engineer Mr. Rohtas Goel to undertake construction and contracting business. Subsequently, the company diversified into real estate sector in 2001 and got listed on both stock exchanges (BSE and NSE) in 2007.
Today, the company is present in 27 cities across 8 states namely Uttar Pradesh, Madhya Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Delhi, and Himachal Pradesh and possesses a diversified product portfolio that includes Hi-Tech Townships, Integrated Townships, Group Housing, shopping malls, Office Spaces, SCOs and Hotel. It is currently undertaking 23 real estate projects – 4 Group Housing, 14 Townships, 5 Commercial Malls/office spaces/Hotels/ SCOs.
The company has also successfully blended business excellence with social commitment. The company through Omaxe Foundation takes up many CSR projects in the field of health, education, community development etc.