Omaxe Share Price Gains Over 7%; Commits ₹500 Crore to Ludhiana's Omaxe Chowk Project

Omaxe Ltd., a prominent real estate developer in India, has announced a significant investment of ₹500 crore in Ludhiana for the development of Omaxe Chowk. This mixed-use project aims to redefine the landscape of organised retail and luxury living in the city. 

Omaxe Chowk: A New Urban Destination 

Strategically located in Ghumar Mandi, Ludhiana, Omaxe Chowk is set to become a modern high-street destination. The project spans approximately 5.25 acres and will feature a blend of commercial and luxury residential spaces.  

The land for the project was secured through a competitive bidding process by the Rail Land Development Authority (RLDA) and is being developed on a leasehold basis. 

The development seeks to offer a structured and contemporary shopping experience, integrating shopping, dining, and entertainment. With a focus on wedding shopping, jewellery, and fashion, Omaxe Chowk aims to cater to both local shoppers and NRIs visiting Ludhiana for special occasions. 

Infrastructure and Accessibility 

Omaxe Chowk will feature a two-side frontage, with access from Rani Jhansi Road and College Road, enhancing visibility and ease of entry.  

The development will include wide access roads, multiple entry and exit points, and parking for over 1,000 cars, addressing common challenges in traditional market areas. 

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Economic Impact and Job Creation 

The project is expected to generate significant local employment during its construction phase and create long-term job opportunities in retail, food and beverage, security, and facility management. By attracting brands and visitors, Omaxe Chowk is anticipated to boost surrounding businesses and contribute to economic growth in Ludhiana. 

Omaxe's Role in Urban Development 

Omaxe Ltd. has played a vital role in India's urban growth, with a portfolio that includes residential, commercial, and integrated township projects across 31 cities in 8 states. Key projects include The Omaxe State in Dwarka, Omaxe Chowk in Chandni Chowk, and World Street in Faridabad. 

Omaxe Share Price Performance 

As of January 13, 2026, at 11:07 AM, Omaxe share price on NSE was trading at ₹77.78 up by 7.15% from the previous closing price. 

Conclusion 

Omaxe's investment in the Omaxe Chowk project in Ludhiana underscores its commitment to enhancing urban living through integrated developments. The project promises to bring a blend of luxury and convenience to the city's retail and residential landscape. 

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