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Omaxe
Omaxe Limited is a privately held real estate developer based in New Delhi, India. The company was founded by Rohtas Goel in 1989. Company history Rohtas Goel, a first-generation entrepreneur and civil engineer, founded Omaxe to undertake construction and contracting business in 1987. In 1989, it was incorporated as Omaxe Builders Private Ltd. and subsequently in 1999; it became a ‘Limited Company’. Omaxe made its inroads into the evolving real estate sector in 2001. It soon launched several group housing projects at Noida and subsequently also launched its first township, the NRI City at Greater Noida. The company came out with its initial public offering, which got oversubscribed by 80 times, in 2007. Projects Omaxe has diversified asset classes of townships, residential, commercial – shopping mall & office space and hotels. In the residential segment, it offers developed plots, villas, penthouses, group housing and independent floors. The company is presently exe ...
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Rohtas Goel
Rohtas Goel (born 4 September 1962) is the founder of Omaxe, Omaxe Limited, a real estate developer based in New Delhi, India. Biography Rohtas Goel was born on 4 September 1962 in Hassanpur, a town in Palwal district in the Indian state of Haryana. He is a first generation entrepreneur and civil engineer who started his professional career with a private construction firm, but later founded Omaxe to undertake a construction and contracting business in 1987. In 1989, the company was incorporated as Omaxe Builders Private Ltd. and subsequently in 1999; it became a ‘Limited Company’. Under the leadership of Goel, Omaxe made its inroads into the evolving real estate sector in 2001. It soon launched several group housing projects at Noida and subsequently launched its first township, the NRI City at Greater Noida. The company came out with its initial public offering (IPO), which got over-subscribed by 70 times, in 2007. Goel was featured in the Forbes list of India's riche ...
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New Chandigarh (city)
New Chandigarh is a new planned smart city near Mullanpur in the Mohali district (SAS Nagar) in Punjab, India. It has been designed as an extension of the city of Chandigarh. It is developed by the Greater Mohali Area Development Authority. A digital land survey was started by using a drone on 26 April 2018 and was completed on 24 June 2018. Initial Master of city is divided in sectors numbering 1 to 21. Eco City Eco City I and Eco City II are the residential townships in New Chandigarh, spread over 806 acres in the foothills of the Sivalik Hills.The approved master plan for New Chandigarh Mullanpur Local Planning Area includes several special development control regulations such as a no-development zone, special-use zone and building height control measures, in addition to the common development control parameters applicable to the whole Greater Mohali area, under which Mullanpur falls. Education City The Education city of New Chandigarh is spread over 1700 acres and was deve ...
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Penthouses
A penthouse is an apartment or unit on the highest floor of an apartment building, condominium, hotel or tower. Penthouses are typically differentiated from other apartments by luxury features. The term 'penthouse' originally referred, and sometimes still does refer, to a separate smaller 'house' that was constructed on the roof of an apartment building. Architecturally it refers specifically to a structure on the roof of a building that is set back from its outer walls. These structures do not have to occupy the entire roof deck. Recently, luxury high rise apartment buildings have begun to designate multiple units on the entire top residential floor or multiple higher residential floors including the top floor as penthouse apartments, and outfit them to include ultra-luxury fixtures, finishes, and designs which are different from all other residential floors of the building. These penthouse apartments are not typically set back from the building’s outer walls, but are instea ...
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Villa
A villa is a type of house that was originally an ancient Roman upper class country house. Since its origins in the Roman villa, the idea and function of a villa have evolved considerably. After the fall of the Roman Republic, villas became small farming compounds, which were increasingly fortified in Late Antiquity, sometimes transferred to the Church for reuse as a monastery. Then they gradually re-evolved through the Middle Ages into elegant upper-class country homes. In the Early Modern period, any comfortable detached house with a garden near a city or town was likely to be described as a villa; most survivals have now been engulfed by suburbia. In modern parlance, "villa" can refer to various types and sizes of residences, ranging from the suburban semi-detached double villa to, in some countries, especially around the Mediterranean, residences of above average size in the countryside. Roman Roman villas included: * the ''villa urbana'', a suburban or country seat t ...
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Land Lot
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries. A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by th ...
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Hotels
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part ...
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Office
An office is a space where an Organization, organization's employees perform Business administration, administrative Work (human activity), work in order to support and realize objects and Goals, plans, action theory, goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer (other), officer, office-holder (other), office-holder, official); the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the term "office" may refer to business-related tasks. In legal, law, a company or organization has offices in any place where it has an official presence, even if that presence consists of (for example) a storage silo rather than an establishment with desk-and-office chair, chair. An office is also an architectural and design phenomenon: ranging from a small office such as a Bench (furniture), bench in th ...
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Shopping Mall
A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refer to the walkway itself which was merely bordered by such shops), but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming commonplace at the time. In the U.K., such complexes are considered shopping centres (Commonwealth English: shopping centre), though "shopping center" covers many more sizes and types of centers than the North American "mall". Other countries may follow U.S. usage (Philippines, India, U.A.E., etc.) and others (Australia, etc.) follow U.K. usage. In Canadian English, and oftentimes in Australia and New Zealand, 'mall' may be used informally but 'shopping centre' or merely 'centre' will feature in the name of the complex (such as Toronto Eaton Centre). The ter ...
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Commercial District
A commercial district or commercial zone is any part of a city or town in which the primary land use is Commerce, commercial activities (Retailing, shops, offices, Theater (structure), theaters, restaurants and so on), as opposed to a residential neighbourhood, an Industrial park, industrial zone, or other types of neighbourhoods. In some cities, authorities use planning or zoning laws to define the boundaries of commercial districts. Terminology English In the United Kingdom, commercial districts that are primarily for shopping are called high streets. In North America, in smaller towns and cities there is often only one main commercial district, which is located on the main street. In larger cities and towns there may be multiple commercial districts, often with more specialized functions. If a city has one large central area of offices and professional buildings, this is called the Central Business District or CBD (term used especially, but not exclusively, in Australian En ...
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Residential
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR (floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small. Overview In certain residential areas, especially rural, large tracts of land may have no services whatever, such that residents seeking services must use a motor vehicle or other transportation, so the need for transportation has resulted in land development following existing or planned transport infrastructure such as rail and road. Development patterns may be re ...
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Townships
A township is a kind of human settlement or administrative subdivision, with its meaning varying in different countries. Although the term is occasionally associated with an urban area, that tends to be an exception to the rule. In Australia, Canada, Scotland and parts of the United States, the term refers to settlements too small or scattered to be considered urban. Australia The Australian National Dictionary, ''The Australian National Dictionary'' defines ''township'' as: "A site reserved for and laid out as a town; such a site at an early stage of its occupation and development; a small town". The term refers purely to the settlement; it does not refer to a unit of government. Townships are governed as part of a larger council (such as that of a shire, district or city) or authority. Canada In Canada, two kinds of township occur in common use. *In Eastern Canada, a township is one form of the subdivision of a county. In Canadian French, this is a . Townships are refer ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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