Archive · 13 Jan 2026
Omaxe Invests Rs 500 Crore in Ludhiana Project
Omaxe, a big real estate company, is building a new project called Omaxe Chowk in Ludhiana.
They are spending 500 crore rupees on this project, which will have shops, homes, and a food area.
The project is on 5.25 acres of land and will be finished by June 2030.
Omaxe got the land from the government through a competition.
This project will create many jobs for people in Ludhiana.
After the announcement, Omaxe's stock price went up by 14%.
Omaxe is investing Rs 500 crore in the Omaxe Chowk project in Ludhiana's Ghumar Mandi area.
The project is a public-private partnership with the Rail Land Development Authority (RLDA).
It is spread across 5.25 acres and is scheduled for completion by June 2030.
The project aims to redefine organized retail and luxury residences in Ludhiana.
It is expected to generate significant local employment during and after construction.
- Who
- Omaxe, a real estate developer
- What
- Announced a Rs 500 crore investment in the Omaxe Chowk project in Ludhiana
- When
- The project is scheduled to be completed by June 2030
- Where
- Ghumar Mandi area, Ludhiana
- Why
- To redefine organized retail and luxury residences in Ludhiana, and to contribute to the city's economic growth
- Investment Amount
- Rs 500 crore
- Project Location
- Ghumar Mandi, Ludhiana
- Land Area
- 5.25 acres
- Completion Date
- June 2030
- Project Type
- Public-private partnership
- Expected Employment
- Significant local employment during and after construction
- Share Price Change
- 14% rise in intraday session