Omaxe launches ₹1,000 cr township project in Amritsar, enhances expansion in Punjab
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The township is poised to benefit from major infrastructure projects, promising enhanced urban living and investment prospects. | Credits: Omaxe
Omaxe launches ₹1,000 cr township project in Amritsar, enhances expansion in Punjab
Omaxe Ltd has unveiled a ₹1,000 crore integrated township project in Amritsar, marking a strategic expansion in Punjab. This RERA-registered venture spans 260 acres and aims to build a self-sustained ecosystem. The project benefits from upcoming infrastructure developments and offers residential and commercial spaces, enhancing urban living and investment opportunities in the region.
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Located near the Golden Temple, the project spans 260 acres and offers residential plots along with commercial facilities.
The township is poised to benefit from major infrastructure projects, promising enhanced urban living and investment prospects. | Credits: Omaxe
Listed real estate company Omaxe Ltd has launched a new integrated township, New Amritsar Township, through its subsidiaries, with an investment of ₹1,000 crore. Located on GT Road, about 12 minutes from the Golden Temple, the township spans 260 acres. In the first phase, 127 acres will be developed.
The RERA-registered project marks a key step in Omaxe’s Punjab expansion. The company already has a presence in six cities: New Chandigarh, Ludhiana, Patiala, Derabassi, Amritsar, and Bathinda. “We’ve shown our capability by developing a 1,000+ acre township in the Tricity region. With New Amritsar, we aim to build a self-sustained ecosystem with a better quality of life,” said Mohit Goel, MD, Omaxe Ltd.
Omaxe sees New Amritsar as a key urban development for residents and investors in Punjab. The company says the New Amritsar Township could benefit from major upcoming infrastructure projects. These include: 99 km Nakodar-Amritsar branch of the Delhi-Amritsar-Katra Expressway (by 2026); 98 km Amritsar Ring Road (under construction); 4.5 km elevated corridor linking central Amritsar to the township; and ₹300 crore expansion of Sri Guru Ram Das Ji International Airport.
The project is RERA-registered and has all necessary approvals. The first phase offers residential plots of 300, 500, and 1,000 sq. yards. The master plan also includes commercial areas, a school, clubhouse, and community facilities. Phase 1 is expected to be completed in about four years, funded through internal accruals. The project has achieved financial closure and may consider more funding as needed.
Omaxe has established a footprint across 31 cities in 8 states of North and Central India, and has delivered over 135 million sq ft of area. Omaxe's revenue grew 1.95% to ₹553.03 crore YoY in the Jan-March (Q4 2024-2025) quarter, while there was an 84.1% jump on a QoQ basis. However, the company recorded a 2.25% YoY loss of ₹148.32 crore in the said quarter, it surged 1.51% on QoQ basis.
The Omaxe Ltd share closed 12.78% today to ₹107.57 on the NSE, with its one-month gain at 33.13%.
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