Omaxe May Incest In Real Estate

The media had reports that Omaxe Limited may invest Rs. 8,000 crores in next five years in affordable housing projects through its subsidiary National Affordable Housing & Infrastructure.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Omaxe Limited has vide its letter inter-alia stated, "We clarify that the initiatives to build affordable homes for the masses is being discussed and being pursued with various Government and other concerned agencies and we are in the process of examining various schemes and options." -- www.nseindia.com

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