Omaxe Ltd. has announced a ₹500 crore investment to develop Omaxe Chowk, Ludhiana, a modern mixed-use destination combining high-street retail, luxury residences, dining, and entertainment. Strategically located at Ghumar Mandi, the project spans 5.25 acres and aims to redefine organised retail while boosting employment and economic growth in the region.
Market Update: Omaxe Expands Footprint in Ludhiana
Omaxe Ltd., one of India’s leading real estate developers, has unveiled plans for Omaxe Chowk, Ludhiana, a landmark project designed to integrate shopping, lifestyle, and luxury living. The development, secured through RLDA’s competitive bidding process, reflects Omaxe’s strategy to create structured, experience-led destinations in high-footfall markets.
Key Highlights:
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Investment Scale: ₹500 crore committed to a 5.25-acre mixed-use project.
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Location Advantage: Situated at Ghumar Mandi, Ludhiana’s established commercial and wedding shopping hub.
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Project Features: Premium retail shops, jewellery and wedding showrooms, fashion outlets, destination dining, and entertainment zones.
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Residential Component: Luxury residences integrated for convenience and long-term liveability.
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Infrastructure: Two-side frontage, wide access roads, parking for 1,000+ cars, and heritage-inspired architecture.
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Economic Impact: Expected to generate significant local employment and boost surrounding businesses.
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Timeline: Scheduled for delivery by June 2030 under RERA guidelines.
With this project, Omaxe strengthens its presence in Punjab and reinforces its reputation for shaping modern urban destinations.
Sources: Omaxe Ltd. Press Release, BSE Filing, NSE Announcement