Omaxe to develop Rs 250 cr township project in Vrindavan

MUMBAI: Realty player Omaxe on Thursday said it has received approval from the Mathura-Vrindavan Development Authority, Uttar Pradesh, for the construction of township with an investment of Rs 250 crore.

The company has received approval for the construction of a township Omaxe Eternity at Vrindavan, Omaxe said in a filing to the Bombay Stock Exchange.

Omaxe had earlier received approval on its Detailed Project Report (DPR) for its Integrated Township -- Omaxe Eternity Vrindavan -- from the Mathura-Vrindavan Development Authority, the construction of the project is proposed to be completed in 18 months, the filing added.

Shares of Omaxe were trading at Rs 103.60 on the BSE, up 3.65 per cent from previous close.