Announced Wed, 29 Apr · 12:41 IST
Omaxe to invest Rs 250 Cr in Lucknow's Omaxe Cassia; 300 of 360 homes pre-sold
Compliance View source PDF
OMAXE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹81.28
prior close
₹83.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2+0.1-0.2-0.5+2.6+5.4+4.5+3.0+6.9+6.2-9.9-6.5+3.3—
Up moveDown movePending
AI summary
Omaxe Group is investing Rs 250 crore in Omaxe Cassia, a premium residential project in Lucknow developed via wholly-owned subsidiary Omaxe Garv Buildtech. Part of the 690-acre Omaxe Metro City township on Raebareli Road, it features 8 towers with 2BHK/3BHK apartments totalling 360 units. Notably, 300 units (~83%) are already pre-sold even before construction begins. Delivery is targeted within 3 years per RERA timelines.
Likely market impact
Positive - 83% pre-sales before construction signals strong demand, healthy cash inflows, and revenue visibility for Omaxe.