New Delhi, June 29, 2026: 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.
Hospitality is a natural extension of our integrated development strategy. With improving connectivity, growing religious tourism and increasing travel across emerging markets, there is a clear need for quality hospitality infrastructure in these locations. Through this expansion, we aim to create well-located hospitality destinations that complement our existing developments, strengthen our recurring revenue base and contribute to the economic activity of the cities where we operate, said Mr. Mohit Goel, Managing Director, Omaxe Ltd.
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.
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.
