The company is planning forays into smaller towns over the next few years. The projects will be a mix of residential and commercial ventures, in Tier II cities where the company sees greater scope.

Subdued start to the result season by IT sector combined with uptick in crude oil prices affected the broad market trend. However, the benchmark indices logged gains during the week, taking comfort in easing domestic inflation. During the week, around 58 smallcap stocks offered double-digit weekly returns with five of them offering over 25% returns.

The land parcel in the heart of the city acquired from the Indian Railways arm will be developed as a multi-use project.

Sunil Goel has withdrawn all his complaints and cases following a settlement with his brother, Rohtas Goel. The dispute arose in 2017 when Sunil Goel was removed from the company. The settlement resolves disputes related to shareholding, directorship, control, and management of Omaxe Group companies.

The flexibility offered by this amendment will attract both local and global enterprises, further propelling Haryana as an investment hotspot. “This will foster the growth of the commercial real estate segment. The move will create demand, leading to an increase in the prices of residential plots. As the decision allows people to open offices/commercial space on these floors, it will also drive up the rental value,” said Nayan Raheja of Raheja Developers.

“The new Township Policy 2023 will attract investments and empower private developers to contribute to the development of the state. The new policy also opens new avenues for integrated township projects by allowing FDI,” said Amit Modi, Director at County Group.