Omaxe, a leading real estate player, witnessed a leadership transition as founder-chairman Rohtas Goel passed on the baton to his sons for piloting the future growth of the company.
While relinquishing his role as Omaxe executive director, Goel will continue as a non-executive director and chairman.
He handed over the reins of Omaxe to his sons Mohit and Jatin, who will assume the joint leadership roles of managing director and executive director respectively.
Under the new leadership, the company will focus on two key areas viz. reducing debt and exploring additional growth opportunities through public-private partnerships (PPP).
“This transition marks a turning point in the company’s history, where Omaxe will embark on new avenues of growth and continue to make significant contributions to the real estate industry,” Rohtas Goel said in his message.
“Our primary focus will be to reduce debt and strengthen the company’s financial position. We are excited about exploring PPPs to drive growth and create value for our stakeholders,” Mohit Goel noted.
Meanwhile, Jatin Goel said, “We aim to enhance the company’s reputation and deliver outstanding projects that contribute to the development of communities.”
Currently, Omaxe is involved in two PPP projects in the national capital and has already applied for the occupancy certificate. Additionally, the company anticipates commencing the construction of another project around Dussehra/Diwali.
Starting its journey in 1987, Omaxe has a successful track record of delivering over 132 million sq ft of realty space.
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It has delivered 21 group housing real estate projects, 10 integrated townships and 14 commercial malls/office spaces/hotels/SCOs. The Group has another 22 million sq ft of space under construction.