Omaxe Ltd.’s stock surged 4% following the launch of New Singapore at World Street, Faridabad. Developed by M/s Omaxe World Street Pvt. Ltd., a wholly owned subsidiary of Omaxe Ltd., this ₹600 crore project promises a premium high-street experience with retail, hospitality, and entertainment.
Since its inception in 2010, World Street has become North India’s largest mixed-use development, spanning 120 acres, with 27 acres already operational. Home to 250+ top brands and attracting 15,000–20,000 daily visitors, it has seen significant real estate appreciation.
Spanning 11.59 acres, New Singapore is a RERA-registered commercial hub offering 1.5 million sq. ft. of retail space inspired by Singapore’s modern urban aesthetics. The project features grand plazas, elegant walkways, lush landscapes, and vibrant public spaces, ensuring a world-class shopping experience. A dedicated parking facility for 1,000+ cars enhances convenience.
Omaxe shares opened at ₹85.00 and touched a high of ₹88.72, with a low of ₹85.00. The stock is currently trading well below its 52-week high of ₹162.45 but remains above its 52-week low of ₹72.71.
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