Omaxe Launches Rs. 1,000 Crore RERA-Approved Township Near Golden Temple

Omaxe Ltd, a public listed real estate company and related activities, is extending its presence in Punjab real estate with a new integrated township project , New Amritsar, through its subsidiaries.

The township will be located 12 minutes’ drive away from the Golden Temple, with the company acquiring 260 acres. In Phase One, the company has said it will develop 127 acres with an investment of more than Rs. 1,000 crore, in a regulatory filing on June 16.

• The project has been granted RERA registration, and received all required approvals, and will be completed in phases.
• Omaxe Ltd launches New Amritsar integrated township near the Golden Temple with a Rs. 1,000 crore investment.
• New Amritsar township project by Omaxe offers residential plots and is set to transform Punjab real estate.

RERA-approved Omaxe township in Amritsar spans 260 acres, targeting investors and homebuyers in North India.

Mohit Goel, Managing Director, Omaxe Ltd, “New Amritsar represents a natural extension of our vision to create well-planned, modern urban communities that serve both current needs and future growth. The township is just 12 minutes from the Golden Temple and will soon include a hotel to further enhance its appeal. In the future, we also see the opportunity to expand this township through new land acquisitions”.  

In the first phase, Omaxe is offering residential plots of 300, 500 and 1,000 sq yards, and is targeting completion in about 4 years, the company said in a statement.

Also Read: Tier-2 NCR Cities & the Rise of Integrated Townships: The Future of Holistic Living

The initial investment is being funded out of internal accruals. The company has said, with the positive response from the market and sanctions received from financial institutions it now has financial closure for the project. Based on the requirements in the future, Omaxe may explore future funding options to facilitate further development.

“With this project, Omaxe is not just expanding geographically but also reinforcing its role in shaping the urban transformation of Punjab. New Amritsar is expected to emerge as a key destination for residents and real estate investors looking for thoughtfully planned living spaces in the city," the statement from the company said.