Omaxe Announces Rs 6,200 Crore Investment to Launch Dedicated Hospitality Vertical

Omaxe Announces Rs 6,200 Crore Investment to Launch Dedicated Hospitality Vertical​

Omaxe, a leading real estate developer in India, has announced plans to establish a dedicated hospitality business vertical. The company intends to develop 19 hotels spanning nearly 5 million sq. ft. across five states over the next four to five years, committing an investment of approximately Rs. 6,200 crore.

The initiative aims to cultivate hospitality assets in high-growth urban centers, key pilgrimage destinations, and transit corridors. These developments will be strategically integrated with Omaxe's existing portfolio, including townships, mixed-use properties, commercial destinations, and urban infrastructure projects.

The company's plan spans 13 cities across five states, focusing heavily on Uttar Pradesh (UP). Twelve of the nineteen planned hotels are allocated to UP, distributed across Ayodhya (two), Lucknow (three), Prayagraj (one), Ghaziabad (one), Gorakhpur (one), Kaushambi (two), and Vrindavan (two).

The remaining locations include:

• New Delhi (one)
• Faridabad (one)
• Ujjain (one)
• Chandigarh (two)
• Amritsar (one)
• Ludhiana (one)

Key projects within the new portfolio include The Omaxe State in Dwarka, New Delhi. This integrated destination, which is 50.4 acres, will feature a 158-key Gateway Hotel by IHCL and is being developed through a Public-Private Partnership (PPP) model with the Delhi Development Authority (DDA). Furthermore, Omaxe plans to develop transit-oriented hospitality infrastructure in Uttar Pradesh through PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC).

Target Markets and Financial Outlook​

The hospitality portfolio is designed to cater to various market segments, including business travel, leisure tourism, destination weddings, religious tourism, MICE (Meetings, Incentives, Conferences and Exhibitions), and luxury clientele. The assets will encompass midscale and upscale branded hotels, premium flagship properties, serviced apartments, extended-stay studios, and high-capacity pilgrimage hotels, tailored to the specific market dynamics of each location.

Based on current business assumptions, the hospitality business has the potential to generate approximately Rs. 1,000 crore in annual revenue upon stabilization.

Omaxe is currently engaged in advanced discussions with both domestic and international hospitality operators regarding branding and management partnerships. Formal announcements concerning operator agreements will be made once definitive arrangements are finalized.

Company Profile​

Omaxe was established in 1987 and has operated as a leading real estate developer in India since the company's listing on stock exchanges in 2007. The Omaxe Group previously delivered approximately 140.17 million sq. ft. of real estate across 31 cities spanning eight states, including Delhi, Punjab, Haryana, Uttar Pradesh, and Rajasthan.

Omaxe has been involved in significant urban transformation projects such as Omaxe New Chandigarh Township, World Street in Faridabad, Omaxe Chowk in Chandni Chowk (Delhi), and Royal Residency in Ludhiana. The company continues to build on its decades of experience to shape the future of urban India.

OMAXE Stock Price Movement​

As of 10:53 AM, shares of Omaxe Limited are rallying to ₹80.46, advancing by 3.85% in live trading. The stock trades within an intraday range of ₹76.99 to ₹83.89, having seen brisk activity with 61,165 shares traded so far this morning.