Omaxe Announces Record Sales in Faridabad Projects
Filing Summary
Omaxe Ltd has reported record sales for its projects, Omaxe Residences and The Grand Europe, in Faridabad. The Grand Europe, part of the World Street development, sold out on its launch day. Omaxe Residences achieved a 100% sale of its 173 ultra-luxury units shortly after launch. The combined investment for these developments is over ₹1,060 crore. Omaxe Residences is valued at ₹927 crore, while The Grand Europe is valued at ₹134 crore. Both projects are part of the World Street mixed-use development, with completion expected by 2030.
Omaxe Ltd has announced record sales for its projects, Omaxe Residences and The Grand Europe, located in Faridabad. The Grand Europe, a commercial development, was completely sold out on the first day of its launch. Omaxe Residences, an ultra-luxury residential project, also achieved a 100% sale of its 173 units shortly after launch. These projects are part of the World Street development by Omaxe’s wholly-owned subsidiary, M/s. Omaxe World Street Pvt. Ltd.
The combined estimated investment for these developments is over ₹1,060 crore. The project cost for Omaxe Residences is estimated at ₹927 crore, while The Grand Europe is valued at ₹134 crore. These figures are based on CA Certificates submitted to the Haryana Real Estate Regulatory Authority. The developments are integral to the World Street mixed-use project, which aims to create a smart city environment.
Omaxe Residences launched 173 ultra-luxury residential units, all of which were sold within a few days. The Grand Europe, a commercial development, saw all 120 units sold on the launch day. These projects are strategically located in Sector 79, Faridabad, benefiting from the city’s rapidly upgrading infrastructure. They offer connectivity to the Delhi–Mumbai Expressway, Jewar Airport, Bata Chowk Metro Station, and Manjhawali Bridge.
Faridabad has a high concentration of High Net Worth Individuals but has historically lacked ultra-luxury residential options. Omaxe Residences addresses this demand by offering international living standards with unit realizations averaging ₹3 to ₹4 crore. The Grand Europe introduces European-style high streets to Faridabad, with SCOs starting from 70 square yards. The projects are part of Omaxe’s strategy to fulfill the demand for premium real estate in the region.
The timeline for completion is set for December 2030 for Omaxe Residences and August 2030 for The Grand Europe. Both projects are registered with the Haryana Real Estate Regulatory Authority, with registration numbers HRERA-PKL-FBD-848-2026 and HRERA-PKL-FBD-849-2026, respectively. These developments are expected to contribute significantly to Faridabad’s growth as a modern urban destination.
Omaxe Ltd, established in 1987, is a leading real estate development company in India. It is listed on both the NSE and BSE since 2007. Omaxe has delivered approximately 140 million sq. ft. of real estate across 31 cities in 8 states. The company’s portfolio includes residential, commercial, and integrated township projects. Omaxe focuses on high-quality developments that cater to the evolving needs of urban India.