Omaxe launches Rs 6,200 crore hospitality vertical to build 19 hotels across 13 cities
Real estate developer Omaxe enters hospitality with a dedicated vertical, committing Rs 6,200 crore to develop 19 hotels spanning 5 million sq ft across five states over 4-5 years. Anchored by a 158-key IHCL Gateway Hotel in Dwarka, the portfolio targets Rs 1,000 crore in annual revenue.
Omaxe launches dedicated hospitality vertical with Rs 6,200 crore investment to develop 19 hotels across 13 cities in five states over 4-5 years, including an IHCL Gateway Hotel in Dwarka, targeting Rs 1,000 crore annual revenue.
Why this matters
Omaxe, a real estate developer, is diversifying into hospitality with a dedicated vertical. The Rs 6,200 crore commitment to 19 hotels marks a major expansion beyond core real estate, with the stock hitting a 20% upper circuit on the news.
Retail-company signals steady at 4,036 over the past 90 days.