India, March 6 -- Omaxe Limited has registered an impressive response for their recently launched luxury living and commercial projects in Faridabad. Omaxe Residences and The Grand Europe, the projects of Omaxe Limited, were completely sold out upon their launch. This is an indication of the strong demand for luxury living in the area.

The investments of over Rs 1,060 crore in the projects are expected to provide the company with better revenue prospects in the near future. These projects are also an indication of the rising demand for urban infrastructure. With a market cap of Rs 1,390 crore, the shares of Omaxe Ltd are trading at Rs 76. The stock has been underperforming and is at a discount of 53% from its 52-week high.

Strong Sales ...