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The latest announcement is out from Omaxe Limited ( (IN:OMAXE) ).
Omaxe Limited has announced a Rs. 500 crore investment in a new mixed-use development, Omaxe Chowk in Ludhiana, positioned as a high-street retail and luxury residential hub on a 5.25-acre leasehold parcel in the prime Ghumar Mandi area. Designed to formalise and upgrade an already high-footfall commercial market, the project combines premium retail, wedding and jewellery showrooms, fashion outlets, destination dining, an entertainment zone, and integrated luxury residences, targeting both local shoppers and NRIs. By focusing on walk-to-shop convenience and a curated mix of shopping, food, and community spaces, Omaxe aims to align with shifting consumer preferences for experiential, organised retail, strengthening its footprint in Ludhiana and enhancing its positioning in the competitive mixed-use real estate segment.
More about Omaxe Limited
Omaxe Limited is one of India’s leading real estate developers, with a portfolio spanning residential and commercial projects. The company focuses on creating integrated urban destinations that blend organised retail, lifestyle, and housing, with a growing presence in key Tier-II cities such as Ludhiana.
Average Trading Volume: 49,048
Technical Sentiment Signal: Strong Sell
Current Market Cap: 13.85B INR
Find detailed analytics on OMAXE stock on TipRanks’ Stock Analysis page.