Omaxe launches hospitality arm, to invest ₹6,200 cr in 19 hotels; stock hits 20% upper circuit
Omaxe has carved out a dedicated hospitality vertical with plans to build 19 hotels spanning 5 million sq ft across 13 cities in five states over 4-5 years. The push targets business, leisure, MICE and religious tourism, with the stock surging 20% intraday to ₹92.97.
Omaxe launches dedicated hospitality vertical with ₹6,200-cr investment to build 19 hotels across 13 cities in five states over 4-5 years, targeting business, leisure, MICE and religious tourism; shares hit upper circuit.
Why this matters
Omaxe is diversifying beyond core real estate, mirroring its recent 50.4-acre Dwarka destination with stadium and AC high street. The hospitality entry adds a recurring-revenue layer to its development pipeline.
Retail-company signals steady at 4,005 over the trailing 90 days.