BSECompany Update4d ago · 16 Oct 2026, 01:57 pm
Please find enclosed herewith a copy of Press Release titled "Omaxe Partners with Lemon Tree Hotels for 10 Hotels with 4,000 Keys Across India".
Omaxe Ltd · 532880
✦ AI Summary▲ PositiveExpansion
Omaxe Ltd has partnered with Lemon Tree Hotels to operate 10 hotel projects across India, comprising 4,000 keys. The projects entail an estimated investment of approximately INR 4,000 crore and span multiple locations, including Lucknow, Vrindavan, Ghaziabad, and Amritsar. The operating arrangement marks a significant step in Omaxe's previously announced INR 6,200 crore hospitality expansion.
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Omaxe Ltd - 532880 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Turning dreams into reality
OL/SE/950/OCT 2026-27 October 16, 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) Regulatio.ns. 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 Partners with Lemon Tree Hotels for 10 Hotels
with 4,000 Keys Across India" 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,
{Co any Secretary)
D B R~Srikanta
Company Secretary & Compliance Officer
Encl: As above
"This is to inform that please make all correspondence with us on our Corporate office Address only"
OMAXE LIMITED
Corporate Office: 7, Local Shopping Centre, Kalkaji, New Delhi-110019.
Tel.: +91-11-41896680-85, 41893100
Regd. Office: Shop No. 19-B, First Floor, Omaxe Celebration Mall, Sohria Road, Gurgaon -122 001, (Haryana)
Toll Free No. 18001020064, Website: www.omaxe.com, CIN: L74899HR1989PLC051918
Omaxe Partners with Lemon Tree Hotels for 10 Hotels
with 4,000 Keys Across India
The operating arrangement marks the next step in Omaxe’s previously announced INR 6,200
crore hospitality expansion, strengthening its hospitality portfolio and supporting its growth
across multiple destinations through collaborations with established and valued hospitality
brands.
Omaxe Ltd., one of India’s leading real estate developers, has entered into MOU with
Carnation Hotels Private Limited, wholly owned subsidiary of Lemon Tree Hotels to operate
10 hotel projects across India, comprising 4,000 keys. This operating arrangement marks a
significant step in the execution of Omaxe’s INR 6,200 crore hospitality expansion, announced
in June 2026, which envisages the development of 19 hotels across five states.
The 10 projects entail an estimated investment of approximately INR 4,000 crore and span
Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and
Faridabad. The portfolio includes hospitality developments at transit hubs, pilgrimage
destinations and commercial locations, reflecting Omaxe’s approach of integrating hospitality
with its wider real estate and urban development portfolio.
The properties will be operated under Lemon Tree Hotels’ brand portfolio and will cater to a
mix of hospitality segments. Project development and commissioning timelines are expected
to range from nine months to five years, depending on the individual development.
Commenting on the partnership, Mr. Mohit Goel, Managing Director, Omaxe Ltd., said,
“India’s hospitality opportunity is expanding beyond established metropolitan markets, with
Tier 2 and Tier 3 cities emerging as important destinations for business, leisure and pilgrimage
travel. Temple towns, growing commercial centres and transit hubs each have distinct
accommodation needs, creating an opportunity to develop hospitality assets that are aligned
with the demand drivers of their respective markets. Our arrangement with Lemon Tree Hotels
brings established operating expertise to this strategy, while our sale-led development model
enables us to pursue this expansion with a disciplined approach to capital deployment.”
Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Limited, said, “Tier-2 and
Tier-3 cities have long been central to our India growth strategy, and this operating arrangement
lets us scale it faster, from transit hubs in Lucknow to temple towns like Vrindavan. Omaxe
brings nearly four decades of real estate development experience across these markets, while
Lemon Tree brings over two decades of hospitality expertise and guest trust. This alliance
combines developer scale with operating strength, and two trusted Indian brands with a proven
record of execution, to build the next phase of growth. This will accelerate Lemon Tree Hotels’
asset-light growth strategy, enabling the Company to expand its managed portfolio across
diverse markets and asset formats.”
The projects will follow a sale-led development model, with Omaxe expecting to fund their
completion through sales proceeds without requiring loan funding. The portfolio tentatively
comprises Bus Terminal, Jankipuram (500 keys) and Bus Terminal, Vrindavan Yojna (330
keys) in Lucknow; Omaxe BeTogether Centre Point, Amausi, near the airport (693 keys);
Omaxe Eternity-II (501 keys) and Omaxe BeTogether Courtyard (81 keys) in Vrindavan;
Omaxe BeTogether Centre Point, Ambedkar Road, Ghaziabad (215 keys); Omaxe Connaught
Place in Greater Noida (150 keys); Service Apartments in Amritsar (745 keys); Omaxe
BeTogether Centre Point, Tower 1, Kaushambi (350 keys); and World Mall, Sector 79,
Faridabad (435 keys).
The operating arrangement advances Omaxe’s strategy of extending its real estate development
capabilities into hospitality, complementing its existing townships, commercial destinations
and mixed-use developments. By aligning its projects with established hospitality operations,
the company aims to address evolving accommodation needs across diverse markets in India.
About Omaxe Group
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 145.50 million sq. ft. of
real estate across 32 cities in 8 states & union territories, 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.