Omaxe Strengthens Punjab Presence with ₹1,000 Cr Investment in New Amritsar Township

Amritsar, June 16, 2025: Omaxe Ltd has increased its presence in Punjab by launching its latest integrated township, New Amritsar, through its subsidiaries. Located strategically on the GT Road 12 minutes from the Golden Temple, Omaxe has acquired 260 acres for this township. In the first phase, it is developing 127 acres with an investment of over INR 1,000 crore.

The launch marks a significant milestone for the company’s Punjab expansion strategy. Omaxe already has an established presence in six cities in the state like New Chandigarh, Ludhiana, Patiala, Derabassi, Amritsar and Bathinda. With this new project, the company is reaffirming its long-term commitment to the region’s real estate development and urban infrastructure growth.

“New Amritsar represents a natural extension of our vision to create well-planned, modern urban communities that serve both current needs and future growth. The township is just 12 minutes from the Golden Temple and will soon include a hotel to enhance its appeal,” said Mohit Goel, MD, Omaxe Ltd.

“In the future, we also see the opportunity to expand this township through new land acquisitions. We have demonstrated our capabilities by developing a 1,000-plus acre township that has become one of the most loved destinations for homebuyers and commercial buyers across the entire Tricity region. With New Amritsar, we are committed to building the same trust and delivering a self-sustained ecosystem that supports a better quality of life.”

The New Amritsar township benefits from a region undergoing rapid infrastructure transformation.

The upcoming 99 km Nakodar-Amritsar branch of the Delhi-Amritsar-Katra Expressway, which passes directly by New Amritsar, will significantly reduce travel times to Delhi and Jammu by 2026. In addition, the Amritsar Ring Road, a 98 km greenfield, four-lane highway encircling the city, is under construction and further enhances connectivity.

Complementing these, the 4.5 km Elevated Road corridor links central Amritsar to the township, with planned extensions toward the university. Additionally, the Sri Guru Ram Das Ji International Airport is undergoing a INR 300 crore expansion to double its capacity, boosting global accessibility. The ongoing infrastructure upgrade highlights the long-term growth potential and make New Amritsar a strategically attractive location for both residents and investors.

The project has already secured RERA registration and necessary approvals. In the first phase, Omaxe is offering residential plots of 300, 500, and 1,000 sq yards. These will be part of a larger master plan that also includes commercial spaces, a school, an exclusive clubhouse and community infrastructure.

Designed to deliver on both convenience and quality of life, the township will include wide internal roads, landscaped greens, walking and cycling tracks, uninterrupted water and electricity supply and 24×7 security. The layout has been planned to support a balanced, self-sufficient lifestyle while allowing for future scalability.

The project will be developed in phases with the first phase expected to be completed in approximately four years. The initial investment is being funded through internal accruals. With strong market feedback and sanction received from financial institutions, the project has achieved its financial closure.

Based on future requirements, the company may consider additional funding routes to support further development. With this project, Omaxe is not just expanding geographically but also reinforcing its role in shaping the urban transformation of Punjab. New Amritsar is expected to emerge as a key destination for residents and investors looking for thoughtfully planned living spaces in the city.