NSEPress Release29 Jun 2026 · 29 Jun 2026, 10:52 am
Press Release
Omaxe Limited · OMAXE
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Omaxe Limited has announced a dedicated hospitality business vertical with plans to develop 19 hotels across five states in the next 4-5 years, investing approximately Rs. 6,200 crore.
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Omaxe Limited has informed the Exchange regarding a press release dated June 29, 2026, titled "Omaxe Announces Dedicated Hospitality Vertical with Rs. 6,200 Crore Investment."
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OL/SE/921/JUNE 2026-27 June 29, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001 Bandra (E), Mumbai - 400051
Security Code: 532880 Symbol: OMAXE
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘SEBI LODR Regulations, 2015’)
Dear Sir/Madam,
Pursuant to the provisions of Regulation 30 of SEBI LODR Regulations, 2015, please find enclosed
herewith the copy of the Press Release titled “Omaxe Announces Dedicated Hospitality Vertical with
Rs. 6,200 Crore Investment” being released today. The same is also being uploaded on the Company’s
website at www.omaxe.com.
You are requested to take the same on your records.
Thanking You,
For Omaxe Limited
D B R Srikanta
Company Secretary & Compliance Officer
Encl.: As above
Omaxe Announces Dedicated Hospitality
Vertical with Rs. 6,200 Crore Investment
Omaxe, one of India's leading real estate developers, has announced its dedicated hospitality business
vertical with plans to develop 19 hotels spread over nearly 5 million sq. ft. across five states in the next
4-5 years. The company proposes to invest approximately Rs. 6,200 crore over the next 4–5 years,
subject to project-specific, regulatory, and other necessary approvals, as well as market conditions, to
develop hospitality assets across high-growth urban centres, pilgrimage destinations, and transit
corridors. The hospitality developments will be integrated with Omaxe's existing ecosystem of
townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the
19 hotels, 12 will be developed in Uttar Pradesh, including two in Ayodhya, three in Lucknow, one
each in Prayagraj, Ghaziabad and Gorakhpur, two in Kaushambi and two in Vrindavan. Omaxe will
also develop one hotel each in New Delhi, Faridabad and Ujjain, along with four hotels across
Chandigarh, Amritsar and Ludhiana, including two properties in Chandigarh. In total, Omaxe will have
a presence across 13 cities in five states over the next 4-5 years.
Among the key projects is a 158-key Gateway Hotel by IHCL at The Omaxe State, the company's 50.4-
acre integrated destination in Dwarka, New Delhi, which is being developed under a Public-Private
Partnership (PPP) model with the Delhi Development Authority (DDA). Omaxe will also develop
transit-oriented hospitality infrastructure in Uttar Pradesh through its PPP projects with the Uttar
Pradesh State Road Transport Corporation (UPSRTC). This expansion will strengthen Omaxe's
recurring revenue portfolio by creating hospitality destinations that complement its existing
developments.
The portfolio will cater to multiple demand segments, including business travel, leisure tourism,
destination weddings, MICE (Meetings, Incentives, Conferences and Exhibitions) and religious
tourism. The hospitality portfolio will comprise midscale and upscale branded hotels, luxury and
premium flagship properties, high-capacity pilgrimage hotels, and branded serviced apartments and
extended-stay studios. Each asset will be developed in line with the tourism profile and demand
dynamics of its respective market.
The investment is proposed to be deployed in phases over the next 4–5 years. Based on the current
business assumptions and subject to project execution, occupancy levels, market conditions, regulatory
approvals and other relevant factors, the hospitality business has the potential to generate approximately
Rs. 1,000 crore in annual revenue upon stabilization.
Omaxe is currently in advanced discussions with leading domestic and international hospitality
operators for branding and management partnerships. Formal announcements regarding operator
partnerships will be made upon finalization of definitive agreements.
About Omaxe
Established in 1987, Omaxe remains one of India’s leading and most trusted real estate development
companies. Omaxe Limited is listed on both the National Stock Exchange of India Ltd. and BSE Ltd.
since 2007. Omaxe Group delivered approximately 140.17 million sq. ft. of real estate across 31 cities
in 8 states, including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand,
and Himachal Pradesh. Its diverse portfolio spanned residential, commercial, and integrated township
projects. With over three decades of experience, Omaxe has consistently focused on delivering high-
quality developments that cater to the evolving needs of urban India.
Omaxe played a key role in transforming urban landscapes with iconic projects like Omaxe New
Chandigarh Township, World Street in Faridabad, Omaxe Chowk in Delhi’s Chandni Chowk, and
Royal Residency in Ludhiana. Omaxe is also developing The Omaxe State in Dwarka, a cutting-edge
mixed-use destination featuring retail, hospitality, sports, and entertainment.
With a robust land bank, innovative designs, and a vision for creating vibrant communities, Omaxe
gained the trust of millions of customers and investors. Omaxe continued to set benchmarks in the real
estate industry, solidifying its position as a leader in shaping the future of urban India. For more
information, please visit www.omaxe.com
Forward-Looking Statement:
This document may contain forward-looking statements, which involve a number of risks, and
uncertainties. These risks or uncertainties could cause actual results to differ significantly from those
anticipated in the forward-looking statements. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future events or otherwise.