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    Omaxe arm to develop township in Lucknow


    Realty major on Monday said its subsidiary has entered into an agreement with the to develop a township in Lucknow.

    , a subsidiary of the company, has entered into a memorandum of understanding to develop township in Lucknow, Omaxe said in a filing to the .

    The proposed township would generate an estimated revenue of over Rs 2,800 crore and is to be executed in phases over a period of five to seven years, the filing added.
    Shares of Omaxe were trading at Rs 122.20 on the BSE, down 0.69 per cent from the previous close.

    Source: The Hindu Business Line