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In the middle of Year 2000, as part of its expansion strategy, Omaxe diversified into State Capitals and tier 2/3 cities of North & Central India, including Punjab, where it is credited with identifying new micro markets, spurring habitation and giving a fillip to commercial activities. The first-mover advantage helped the company usher in a new-age living with facilities & amenities akin to metro cities in its projects in these cities. Marked by innovative and new-age projects, consistent delivery, trust and growing aspirational class catapulted the company as one of Punjab’s largest and most trusted real estate companies.
An actual view of the integrated Township Omaxe New Chandigarh in New Chandigarh, Punjab
A Proud Legacy
This 34-year old BSE & NSE listed and Fortune India Next 500 Company, in 2001, forayed into the real estate sector after making a mark in the construction contracting arena. The company’s trendsetting projects in Delhi-NCR propelled it to prominence. Driven by the belief that non-metro cities will be the future growth engines, the company, in 2005, made inroads into State Capitals and tier 2/3 cities. In 2007, the company got listed on both the stock exchanges. Today, it is present in 27 cities across 8 States, namely Punjab, Delhi, Uttar Pradesh, Haryana, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Rajasthan. The company has delivered close to 126.15 million sq. ft. till date in real estate and construction contracting across India with significant contribution from projects in Punjab. Currently, the company is undertaking 23 real estate projects – 4 Group Housing, 14 Townships, 5 Commercial Malls/office spaces/Hotels/ SCOs.
Omaxe’s Tryst with Punjab
In Punjab, the company is present in seven locations – New Chandigarh, Ludhiana, Amritsar, Patiala, Derabassi, Bhatinda, and Rajpura. It has delivered or is executing a host of projects like Mega Townships, Group Housing, Malls, Offices, SCOs, Hotels and Entertainment Zone that encompasses a complete living, working and entertainment experience for all income groups.
Integrated townships in New Chandigarh & Ludhiana: At a 10-min drive from PGI Chandigarh on Madhya Marg is the company’s approx. 1000 acre township Omaxe New Chandigarh at various stages of occupancy, construction and delivery. Close to 3000 families are residing in the plots, villas and independent floors that have been offered for possession over the years. Open and green spaces, club, play area and a community living are the hallmark of Omaxe projects. Similarly, on Pakhowal Road in Ludhiana, the company has delivered and/or executing an integrated township Omaxe Royal Residency spread across approx. 65 acres where close to 1200 plus families are residing and relishing the state-of-the-art amenities. Continuous possession, construction and expansion are an ongoing exercise in Ludhiana. On both these locations, New Chandigarh and Ludhiana, the company has earned the trust of its buyers.
Mall in Patiala: In the Royal City of Patiala, the company’s mall Omaxe Mall has been enthralling visitors with wide choice in food, apparel and entertainment. It has become the city’s hangout destination.
Malls in Ludhiana & Amritsar: In Punjab’s most populous, industrially-active and tourism cities – Ludhiana & Amritsar – the company’s shopping malls are witnessing an influx of brands for the discerning buyers. The Holy City of Amritsar, home to the holiest shrine of Sikhs – The Golden Temple attracts tourists from all across the globe. Expansion of the International Airport and Railway Station in the city along with other infrastructure developments like highways and expressways are propelling these cities as engines of growth and employment and has laid the foundation of a new era in real estate in the city. And Omaxe, is showing the way!