Date:01/09/2007 URL: http://www.thehindubusinessline.com/2007/09/01/stories/2007090150810300.htm

Back Omaxe bags DMRC contract

Mumbai, Aug. 31

Real estate firm Omaxe Ltd on Friday said it has bagged the contract for commercial development of Chawri Bazar Metro Station from Delhi Metro Rail Corporation Ltd (DMRC) for Rs 18.43 crore. DMRC has floated a tender for the purpose and Omaxe’s offer of Rs 25,51,001 per quarter for 1,529 square metre for the work of commercial development of Chawri Bazar Metro Station has been accepted, the company informed the BSE. Total contract amount for the 12-year license perio d is Rs 18.43 crore considering 20 per cent increase on compounding basis after completion of every three years, it said. – Our Bureau