Omaxe Limited has informed the Exchange regarding a press release dated January 13, 2026, titled: "Omaxe Invests Rs. 500 Crore in Ludhiana to launch Mixed-Use Omaxe Chowk Project".
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Omaxe Limited has announced a Rs. 500 crore mixed-use development called 'Omaxe Chowk' spread across approximately 5.25 acres in Ghumar Mandi, Ludhiana. The project combines high-street retail (wedding shopping, jewellery, fashion, dining, entertainment zone called Dawatpur) with luxury residential units, and includes parking for over 1,000 cars with two-side frontage access. The land was secured through a competitive bidding process by the Rail Land Development Authority (RLDA) on a leasehold basis, executed as a public-private partnership between RLDA and Ludhiana Wholesale Market Private Limited (a wholly owned subsidiary of Omaxe). The project is targeted for delivery by June 2030 per RERA timelines. For context, Omaxe reported consolidated total income of Rs. 1,637 crore in FY 2024-25 and operates across 31 cities in 8 states.
This is a sizable capital commitment that expands Omaxe's footprint in Punjab and reinforces its focus on integrated mixed-use developments, but delivery is scheduled only by June 2030, so revenue contribution will be back-end loaded and execution/regulatory risks remain. Near-term stock impact may be modestly positive as it signals growth pipeline, though actual shareholder value will depend on project execution, leasing traction, and funding mix.