Omaxe Limited

Nature of Disclosure: Regulatory filing under Regulation 30 of SEBI LODR Regulations, 2015 announcing the launch of a dedicated hospitality business vertical.

Investment Details:

  • Total proposed investment: ₹6,200 crore
  • Investment period: 4-5 years
  • Subject to project-specific, regulatory, and other necessary approvals, as well as market conditions

Project Scope:

  • 19 hotels to be developed
  • Total area: nearly 5 million sq. ft.
  • Geographic spread: 13 cities across 5 states
  • Timeline: Next 4-5 years

State-wise Distribution:

  • Uttar Pradesh (12 hotels): Two in Ayodhya, three in Lucknow, one each in Prayagraj, Ghaziabad and Gorakhpur, two in Kaushambi, two in Vrindavan
  • Other locations (7 hotels): One each in New Delhi, Faridabad and Ujjain; four across Chandigarh (two properties), Amritsar and Ludhiana

Key Projects:

  • 158-key Gateway Hotel by IHCL at The Omaxe State, Dwarka, New Delhi (50.4 acre integrated destination developed under PPP model with Delhi Development Authority)
  • Transit-oriented hospitality infrastructure in Uttar Pradesh through PPP projects with Uttar Pradesh State Road Transport Corporation (UPSRTC)

Integration Strategy: Hospitality developments will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects.

Market Segments: The portfolio will cater to business travel, leisure tourism, destination weddings, MICE (Meetings, Incentives, Conferences and Exhibitions) and religious tourism.

Property Types: Midscale and upscale branded hotels, luxury and premium flagship properties, high-capacity pilgrimage hotels, and branded serviced apartments and extended-stay studios.

Financial Projections:

  • Potential annual revenue upon stabilization: Approximately ₹1,000 crore
  • Subject to current business assumptions, project execution, occupancy levels, market conditions, regulatory approvals and other relevant factors

Partnership Status: Company is in advanced discussions with leading domestic and international hospitality operators for branding and management partnerships. Formal announcements will be made upon finalization of definitive agreements.

Strategic Impact: This expansion will strengthen Omaxe's recurring revenue portfolio by creating hospitality destinations that complement its existing developments.

Company Background: Omaxe Limited, established in 1987, is listed on NSE and BSE since 2007. The group has delivered approximately 140.17 million sq. ft. of real estate across 31 cities in 8 states.

Regulatory Reference: Filed pursuant to Regulation 30 of SEBI LODR Regulations, 2015.