Omaxe Share Price Gains Over 4%; Collaborates with Lemon Tree Hotels for 10 Hotel Projects in India

Omaxe Limited, a prominent real estate developer in India entered a partnership with Lemon Tree Hotels to operate 10 hotel projects across the country, as reported on the exchange filings on October 16, 2026.  

This collaboration is part of Omaxe's ₹6,200 crore hospitality expansion plan announced in June 2026. 

Details of the Partnership 

The agreement involves Omaxe Limited and Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels.  

The projects, comprising 4,000 keys, are spread across locations including Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad. The estimated investment for these 10 projects is around ₹4,000 crore. 

These developments are strategically located at transit hubs, pilgrimage sites, and commercial areas, aligning with Omaxe's approach to integrating hospitality with its broader real estate portfolio. The properties will be operated under Lemon Tree Hotels' brand, catering to various hospitality segments. 

Project Timelines and Execution 

The development and commissioning timelines for these projects range from 9 months to 5 years, depending on the specific project.  

Omaxe plans to fund the completion of these projects through sales proceeds, following a sale-led development model, without resorting to loan funding. 

Read More: UCO Bank Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 10.1% YoY! 

Omaxe's Strategic Expansion 

This partnership marks a significant step in Omaxe's strategy to extend its real estate capabilities into the hospitality sector. By aligning with established hospitality operations, Omaxe aims to address the evolving accommodation needs across diverse markets in India. 

About Omaxe Group 

Established in 1987, Omaxe is a leading real estate development company in India, listed on both the National Stock Exchange and BSE since 2007. With a diverse portfolio spanning residential, commercial, and integrated township projects, Omaxe has delivered approximately 145.50 million sq. ft. of real estate across 32 cities in 8 states and union territories. 

Omaxe Share Price Performance 

As of October 16, 2026, at 3:30 PM, Omaxe share price on NSE was trading at ₹113.94, up by 4.82% from the previous closing price. 

Conclusion 

Omaxe's collaboration with Lemon Tree Hotels involves the development of 10 hotels with 4,000 keys across India, as part of a ₹6,200 crore hospitality expansion. The projects span multiple locations and are set to be funded through sales proceeds. 

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