Omaxe Limited has informed the Exchange regarding a press release dated Jun 16, 2025, titled "Omaxe Strengthens Punjab Presence with Rs. 1000 Crore Investment in New Amritsar Township".
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On the reaction day the stock moved 12.6 pts more than Nifty Microcap 250 and 12.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Omaxe is launching a new integrated township called 'New Amritsar' in Punjab through its subsidiaries, with a first-phase investment of over Rs. 1,000 crore. The company has acquired 260 acres of land along the GT Road, about 12 minutes from the Golden Temple, and will develop 127 acres in the first phase. The project will offer residential plots of 300, 500, and 1,000 sq. yards, along with commercial spaces, a school, clubhouse, and community amenities. RERA registration and required approvals are already in place, financial closure has been achieved using internal accruals, and the first phase is expected to be completed in roughly four years. The launch comes as the area sees major infrastructure upgrades, including the Delhi-Amritsar-Katra Expressway, a 98 km ring road, and a Rs. 300 crore airport expansion.
This is a significant capital deployment that strengthens Omaxe's footprint in Punjab and signals continued growth appetite, though the multi-year phasing and large investment size mean execution and cash flow will be key things to watch for shareholders.