The lease period is 99 years, while construction period is 3 years.
Shares of Omaxe rose 2.3 percent intraday Thursday as company executed a concession agreement with North Delhi Municipal Corporation.
The company has executed a concession agreement for the redevelopment/reconstruction of multi- level car parking at Gandhi Maidan, Delhi.
The land area is 4.6 acres and area to be constructed is around 10,65,966 square feet.
At 10:18 hrs Omaxe was quoting at Rs 226.25, up Rs 4.65, or 2.10 percent on the BSE.
The share touched its 52-week high Rs 235.15 and 52-week low Rs 192.80 on 10 January, 2018 and 08 September, 2017, respectively.
Currently, it is trading 4.13 percent below its 52-week high and 16.93 percent above its 52-week low.