The Nifty Pharma index closed 0.98 per cent down at 12593.85.

Omaxe has won the bid to develop commercial complex to provide experience in shopping, dining, and sports allied activities. The company did not disclose the cost of acquisition but according to a DDA official, company will pay Rs 18 crore to the authority every year for 30 years.

The congregation started around 10 am at the Ramlila ground in Gejha village on the call of locals even as hundreds of community members from parts of western Uttar Pradesh like Ghaziabad, Muzaffarnagar, Bulandshahr, Baghpat and Hapur reached here for the programme.

Omaxe has repaid net Rs 550 crore to lenders as principal payment and reduced its debt from Rs 1400 crores to Rs 850 crore as on March 31, 2022.

Tyagi was recently seen in a viral video, threatening and misbehaving with a woman inside Noida's Grand Omaxe Society, Sector 93, and was on the run ever since.

Tyagi was arrested on Tuesday morning from Meerut, four days after he absconded assaulting and abusing a woman with whom he had a row over planting of trees in what has alleged to be the common area of the society. Both Tyagi and the woman live in the same housing society located in Sector 93B. Tyagi was remanded into a 14-day judicial custody after he was booked under the Gangsters Act, among others, according to officials.

Tyagi was arrested Tuesday morning from Meerut, four days after he absconded assaulting and abusing a woman with whom he had a row over planting of trees in what has alleged to be the common area of the society.

Tyagi, who claims to be a BJP politician, has also been booked by the police for allegedly assaulting and abusing a woman co-resident of Grand Omaxe who had objected to him planting trees in the common area of the society.

Tyagi had encroached a portion of the common area of the society in front of his flat by constructing temporary structures using pillars and tiles.

Tyagi identifies himself on social media as a national executive member of the BJP's Kisan Morcha and national co-cordinator of the Yuva Kisan Samiti of the ruling party.

As per the data, about 15 new malls will enter the market in 2022 spread across 12 tier 1, 2 and 3 cities. Chennai will see the highest supply this year-- four new malls spread over an area of 2.55 million sq ft.

In the Nifty pack, 28 stocks were trading in the green, while 22 stocks were trading in the red.

"Brands have realised where the customer base is and want to move there. We are opening in Indore and Ahmedabad this year, and there is a lot of demand from our existing malls in tier-2 cities," said Rajendra Kalkar, president, west at Phoenix Mills, which operates more than half a dozen malls in Mumbai, Pune and Bengaluru, and in some tier-2 cities.

Bajaj Auto, the two-wheeler maker said that the Board of Directors on June 14 will consider a proposal for buyback of fully paid-up equity shares. It might be the first buyback announcement by the company since 2000.

In a statement, Jio-bp said it will set up EV charging and swapping infrastructure at various Omaxe properties across Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, New Chandigarh, Ludhiana, Patiala, Amritsar, Jaipur, Sonipat and Bahadurgarh in a phased manner.

=New Delhi-based real estate developer Omaxe recently raised ₹440 crore from Varde Partners, a global alternative investment firm, for expediting construction and delivery of its projects as well as investment into new projects.

The company during the 12 months, sold 1.58 mn sq ft valued at Rs 1,266 crore against 2.73 mn sq ft valued at Rs 2,051 crore in the same period last year. Major sales are in New Chandigarh, Lucknow, Faridabad, New Delhi, and Ludhiana.

The company has sold 0.58 mn sq. ft valued at Rs259.25 crore in Q2 2021-22 and the major contributors were New Chandigarh, Lucknow and Delhi.

Realty developer Omaxe leased 10.53 lakh sq ft across its commercial properties in Greater Noida, Faridabad, New Chandigarh, Lucknow, and Amritsar in H1FY22. Currently, Omaxe has 16 operational commercial properties comprising malls, offices, serviced/studio apartments, and high streets across 10 cities and 4 states in India.

Realty firm Omaxe has sold properties worth Rs 2,051 crore in 2020-21, up 18 per cent from the previous fiscal. Out of the total sales bookings, about 70 per cent contribution came from commercial projects in Delhi and new Chandigarh. The remaining sales came from housing projects at Ludhiana, Lucknow and New Chandigarh.

The company during the 12 months sold 2.73 million sq ft valued at Rs 2051 crore in comparison with 4.99 mn sq ft valued at Rs 1738.75 crore in the same period last year.

Total income fell to Rs 191.87 crore in the fourth quarter of last fiscal year from Rs 355.38 crore in the corresponding period of the previous year, according to a regulatory filing.

Real estate developers are hoping to see a quick recovery once the second wave of Covid subsidies, similar to the one seen post lifting of lockdown 1.0, due to pent up demand.

The pre bid meeting on Friday received response from Eldeco, Developer Group, Virtuous Retail South Asia, Kalpataru Power Transmission Ltd and Omaxe Ltd among others.

“Gurgaon deals will be hampered, especially in the ready-to-move in property segment, where the buyer has to pay the stamp duty on transaction. At this time, when people are consolidating their real estate portfolio into a better upgraded home to live in, this move might push home buyers towards under construction apartments, where registration of property is 3-4 years away,” said Anubhav Jain, CEO, Silverglades Group.

“The commercial department of the authority has decided to cancel the allotment of this land at Alpha II. The lease rent for the land has not been paid by the Omaxe. The authority has issued recovery certificate from time to time but the company did not clear the dues,” said a spokesperson for the authority.

Terming the matter as "exceptional" and having "compelling circumstances" against the realty firm, a two-member Chandigarh-based NCLT bench has granted the waiver in the filing criteria under Section 244 of the Companies Act, over the plea filed by the Omaxe former joint managing director Sunil Goel and his wife.

“We are of the considered view that the present case is one of the exceptional and compelling circumstances which entitle the applicants for granting of waiver,” NCLT said in the order.

“In the last 15 years, we have gained leadership position in cities like New Chandigarh, Ludhiana, Lucknow, Faridabad, Indore to name a few where we are executing our projects. A strong brand equity will help us continue this momentum in 2020-21 as well,” said Mohit Goel, CEO, Omaxe Ltd.

“The company has renewed focus on its retail and commercial projects and is committed to bringing a diverse mix of shopping, F&B, tourism and entertainment experiences at our retail and commercial projects and Sehgals core competence will strengthen this effort,” said Mohit Goel, CEO and Whole-time Director, Omaxe Ltd.

Mohit Goel feels working from office enables team building and enhances productivity.

The index was trading 1.42 per cent up at 225.65.

The index was trading 4.51 per cent up at 224.65.

The index was trading 1.09 per cent down at 222.05.

The index was trading 1.28 per cent down at 218.95.

The Nifty Realty index was trading 1.36 per cent up at 224.3.

The Nifty Realty index was trading 0.43 per cent up at 221.3.

The index was trading 1.56 per cent up at 221.

The index was trading 3.75 per cent up at 217.