Omaxe Expands with 260-Acre Land Acquisition in Punjab for New Amritsar Township
Omaxe, a leading real estate developer, has acquired 260 acres of land in Punjab to develop a new integrated township called New Amritsar. The first phase of the project, covering 127 acres, is set to be completed in four years with an investment of over ₹1,000 crore.
Real EstateOmaxePunjabNew AmritsarTownshipReal Estate NewsJun 16, 2025
In the future, we also see the opportunity to expand this township through new land acquisitions, said Mohit Goel, managing director of the company. The acquisition is part of Omaxe's strategic expansion plans in the northern region, aiming to tap into the growing demand for integrated townships.
In the first phase, the company is offering residential plots of 300 sq yards, 500 sq yards, and 1,000 sq yards. The project will also include commercial spaces, a school, and other amenities. The first phase is expected to be completed in approximately four years. The initial investment is being funded through internal accruals. Based on future requirements, the company may consider additional funding routes to support further development.
Omaxe has a strong presence in the real estate market, known for its high-quality projects and commitment to sustainable development. The New Amritsar township is designed to provide a comprehensive living experience, combining residential, commercial, and recreational facilities. The company's strategic location in Punjab, a region with robust economic growth, positions it well to attract a wide range of buyers.
The acquisition of this land is a significant step in Omaxe's growth strategy. It not only expands the company's land bank but also strengthens its position in the integrated township segment. The project is expected to create numerous jobs and boost the local economy, contributing to the overall development of the region.
Mohit Goel, managing director of Omaxe, expressed his enthusiasm for the project, stating, 'This acquisition marks a significant milestone in our journey. We are committed to delivering a world-class township that sets new standards in integrated living. The New Amritsar project will be a model of sustainable development and a benchmark for future projects in the region.'
Omaxe's focus on integrated townships aligns with the growing trend of urbanization and the need for planned, sustainable development. The company's expertise in real estate development, combined with its commitment to quality and innovation, positions it well to meet the demands of modern living. The New Amritsar township is expected to attract a diverse range of residents, from families to professionals, offering a high-quality living experience in a well-connected and vibrant community.
Frequently Asked Questions
What is the size of the land acquired by Omaxe in Punjab?
Omaxe has acquired 260 acres of land in Punjab for the development of the New Amritsar township.
What is the investment amount for the first phase of the New Amritsar project?
The first phase of the New Amritsar project, covering 127 acres, is set to be developed with an investment of over ₹1,000 crore.
What are the key amenities included in the New Amritsar township?
The New Amritsar township will include residential plots, commercial spaces, a school, and other amenities.
How long is the first phase of the New Amritsar project expected to take?
The first phase of the New Amritsar project is expected to be completed in approximately four years.
Who is the managing director of Omaxe?
Mohit Goel is the managing director of Omaxe.
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