Omaxe Limited has announced its entry into the hospitality sector with the launch of a dedicated business vertical, backed by a proposed investment of around ₹6,200 crore.
The company plans to develop 19 hotels across 13 cities in 5 states, covering nearly 5 million sq. ft. of development area.
The proposed investment will be deployed in phases over the next 4 to 5 years.
Upon stabilisation, the hospitality business has the potential to generate approximately ₹1,000 crore in annual revenue, subject to project execution, occupancy levels, market conditions, regulatory approvals and other relevant factors.
The company plans to develop 12 hotels in Uttar Pradesh, including 2 in Ayodhya, 3 in Lucknow, 1 each in Prayagraj, Ghaziabad and Gorakhpur, and 2 each in Kaushambi and Vrindavan.
The remaining projects comprise 1 hotel each in New Delhi, Faridabad, Ujjain, Amritsar and Ludhiana, along with 4 hotels in Chandigarh.
Among the planned developments is a 158-key Gateway Hotel by IHCL at The Omaxe State, a 50.4-acre integrated destination in Dwarka, New Delhi, being developed under a Public-Private Partnership (PPP) model with the Delhi Development Authority (DDA).
Omaxe also plans to develop transit-oriented hospitality infrastructure in Uttar Pradesh through its PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC).
The hospitality portfolio will be integrated with Omaxe's townships and mixed-use developments across high-growth urban centres, catering to business, leisure, destination weddings, Meetings, Incentives, Conferences and Exhibitions (MICE), and religious tourism.
It will include midscale, upscale and luxury hotels, pilgrimage hotels, serviced apartments, and extended-stay studios, tailored to local market demand.
Omaxe is in advanced discussions with leading domestic and international hospitality operators for branding and management partnerships.
Formal announcements will be made after definitive agreements are finalised.
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As of 29 June 2026, at 4:20 PM, Omaxe Limited share price is closed at ₹83.99 per share, reflecting a surge of 8.44% from the previous closing price.
The proposed hospitality business includes 19 hotels across 13 cities in five states, along with branded hospitality projects, transit-oriented developments and a phased ₹6,200 crore investment programme.
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Published on: Jun 29, 2026, 4:54 PM IST
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