Realty developer Omaxe will invest Rs 600 crore in developing 1.5 million sq ft of retail space in Faridabad, a senior executive said.
The development is part of Omaxe World Street, 27 acre of which is already operational and has over 250 brands.
Spanning over 120 acres, the project has future development potential as well.
The next phase is spread across 11.59 acres, the project will also have over 1,000 car parking facility.
“This expansion will bring a world-class retail and lifestyle experience that rivals top international destinations. Faridabad’s growing demand for premium commercial spaces makes this the perfect time to introduce a project of this scale and vision,” said Mohit Goel, managing director, Omaxe Group.
Listed on both the NSE and BSE in 2007, Omaxe has delivered approximately 135.84 million sq. ft. of real estate across 31 Cities in 8 States – Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand, and Himachal Pradesh.
Its diverse portfolio spans residential, commercial, and integrated township projects.
