Omaxe to invest ₹6,200 crore building 19 hotels across five states
Realty firm Omaxe plans 19 hotels spanning 5 million sq ft over 4-5 years, with 12 in Uttar Pradesh including a 158-key Gateway Hotel. It will partner hospitality chains like IHCL for management while integrating properties into its existing townships and commercial developments.
Realty firm Omaxe will invest ₹6,200 crore over five years to develop 19 hotels across five states, including 12 in UP, partnering hospitality chains like IHCL for management, integrating with its existing townships and commercial developments.
Why this matters
Omaxe is formalizing a hospitality push that sent its stock to a 20% upper circuit, layering hotels onto its core realty townships and commercial assets to diversify revenue.
Retail-company signals steady at 4,006 over the past 90 days.