Omaxe Launches Betogether with an Investment Over ₹2800 Crore For Real Estate Projects

Founded in 1987, Omaxe Limited has established itself as a prominent player in real estate development, specialising in residential, commercial, and retail projects, alongside the construction, operation, and maintenance of real estate assets.

About BeTogether

On January 27, 2025, the renowned real estate firm announced its foray into a transformative venture under a newly launched brand, BeTogether, backed by a substantial investment commitment of ₹2,800 crore. 

In a regulatory filing, Omaxe highlighted the brand’s ambition to redefine urban and economic landscapes through collaborative real estate projects. The initial investments are projected to yield a revenue potential exceeding ₹5,000 crore.

BeTogether, driven by Omaxe’s vision for partnerships through joint ventures and Public-Private Partnerships (PPP), aims to address infrastructure gaps and boost urban development across India. 

Its flagship project, BeTogether Centre Point Vrindavan, modernizes Vrindavan while preserving its heritage. In collaboration with UPSRTC, it is also revamping major bus terminals in cities like Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.

Q2 FY25 Performance Highlights

In the second quarter of FY25, Omaxe Limited reported a total revenue of ₹389.18 crore, representing a remarkable 46.26% surge from ₹266.09 crore in the corresponding period last year. However, the company encountered a net loss of ₹239.66 crore, a steep decline compared to the ₹84.35 crore loss reported in Q2 FY24. 

Operating expenses escalated by 80.61% year-on-year to ₹620.38 crore, culminating in an operational loss of ₹231.20 crore substantially higher than the ₹77.40 crore operational loss in the previous year. Consequently, the operating margin deteriorated to -59.41%, compared to -29.09% in Q2 FY24.

Share Price Performance 

At 2:25 PM today, Omaxe Ltd. shares traded at ₹96.87 per share on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.