Omaxe Shares Jump 13%! Big Township Project Announced in Amritsar

Real estate company Omaxe Ltd saw its share price surge over 13% to ₹108 on June 16 after announcing a massive township project in Amritsar. What’s the Big News? • Omaxe has acquired 260 acres of land in Amritsar. • In Phase 1, they’re developing 127 acres with an investment of ₹1,000+ crore. • The project includes residential plots of 300, 500, and 1000 sq. yards. • Will also have a hotel, school, commercial spaces, clubhouse, and more. All Approvals Secured • The project has RERA registration and all government approvals. • It has also achieved financial closure, meaning funding is sorted. Prime Location • Just 12 minutes from the Golden Temple. • Located near the upcoming Delhi-Amritsar-Katra Expressway. • Travel to Delhi or Jammu will be faster by 2026. Phased Development • To be completed in stages over the next 4 years. • Funded through internal resources and financial institutions. Stock Performance • Omaxe shares are up 44% in the last 3 months. • Strong market response and positive investor sentiment. Why It Matters This project strengthens Omaxe’s presence in Punjab (now in 6 cities) and shows confidence in real estate growth outside metros. It also reflects investor trust in well-planned, large-scale housing projects. Takeaway: Big infrastructure and top location makes strong business growth. Omaxe is betting big on Amritsar, and the market is loving it!