North India's realty company Omaxe has won a bid to foray into the southern market starting at Hyderabad. The bid of Eden Buildcon [Omaxr's subsidiary] to develop land at Kokapet area in Hyderabad for residential and commercial purposes has been accepted by the Hyderabad Urban Development Authority (HUDA).
Omaxe said the project is expected to cost between Rs 1,600 crore and Rs 1800 crore. The company received the project for 25 acres of land in Hyderabad through an open auction-cum-sealed tender basis.
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