Mohit Goel, CEO of Omaxe says construction expenses will increase due to the strategy shift; the company now focuses on built up area against plotted development in tier-2 and tier-3 cities.

Omaxe sells 19 acre land at Vizag for Rs 112 crore

As part of their strategy to divest non-core assets, Omaxe has sold its entire holding in wholly-owned arm Finishing Touch Properties

Will raise Rs 100 cr in next few months: Omaxe

Mohit Goel, CEO of Omaxe says the company is in talks with a lot of merchant bankers and the interest will most probably be below the average cost of borrowing. “The coupon rate for the NCD is yet to be finalized,” he told CNBC-TV18.