Real estate developer Omaxe Ltd. has entered the hospitality sector by launching a dedicated business vertical and unveiling plans to invest nearly ₹6,200 crore over the next four to five years. Through this strategic expansion, the company aims to develop 19 hotels spanning approximately 5 million square feet across 13 cities in five states, strengthening its presence in India’s rapidly growing hospitality and tourism market.
According to a regulatory filing dated June 29, Omaxe will execute the investments in phases, subject to project-specific approvals, regulatory clearances, prevailing market conditions, and other necessary factors. The company will primarily focus on high-growth urban centres, religious tourism hubs, and major transit corridors to capitalize on the rising demand for quality hospitality infrastructure.
The proposed hotel portfolio includes 12 properties in Uttar Pradesh, reinforcing the state’s growing importance as a tourism and pilgrimage destination. Omaxe plans to build two hotels each in Ayodhya, Kaushambi, and Vrindavan, three hotels in Lucknow, and one hotel each in Prayagraj, Ghaziabad, and Gorakhpur. In addition, the company will develop one hotel each in New Delhi, Faridabad, and Ujjain, while establishing four hotels across Chandigarh, Amritsar, and Ludhiana, including two properties in Chandigarh.
As a result, Omaxe will establish a hospitality footprint across 13 cities over the next four to five years. The company also confirmed that it will integrate these hospitality developments with its existing townships, mixed-use developments, commercial projects, and urban infrastructure initiatives to create comprehensive lifestyle destinations.
Furthermore, Omaxe will partner with established hospitality operators to manage the hotels, allowing the company to leverage leading hotel brands while focusing on asset development.
The company stated that it will deploy the proposed investment in phases over the next four to five years. Based on current business assumptions and subject to successful project execution, occupancy levels, regulatory approvals, and market conditions, Omaxe expects the hospitality vertical to generate nearly ₹1,000 crore in annual revenue after the portfolio reaches operational stability.
One of the flagship developments under this expansion will be the 158-key Gateway Hotel by IHCL at The Omaxe State, the company’s 50.4-acre integrated destination in Dwarka, New Delhi. Omaxe is developing the project under a Public-Private Partnership (PPP) model in collaboration with the Delhi Development Authority (DDA).
Additionally, the company will strengthen hospitality infrastructure across Uttar Pradesh through its transit-oriented PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC), further supporting tourism and regional connectivity.
The company said, “This expansion will strengthen Omaxe’s recurring revenue portfolio by creating hospitality destinations that complement its existing developments.”
“Hospitality is a natural extension of our integrated development strategy. With improving connectivity, growing religious tourism and increasing travel across emerging markets, there is a clear need for quality hospitality infrastructure in these locations. Through this expansion, we aim to create well-located hospitality destinations that complement our existing developments, strengthen our recurring revenue base, and contribute to the economic activity of the cities where we operate,” said Mohit Goel, Managing Director, Omaxe Ltd.
The diversified hotel portfolio will serve multiple customer segments, including business travellers, leisure tourists, destination weddings, MICE (Meetings, Incentives, Conferences and Exhibitions), and religious tourism. This broad approach reflects the company’s strategy to cater to India’s expanding travel and hospitality ecosystem.
Moreover, Omaxe revealed that it is currently holding advanced discussions with several leading domestic and international hospitality operators for branding and hotel management partnerships.
The regulatory filing stated, “Omaxe is currently in advanced discussions with leading domestic and international hospitality operators for branding and management partnerships. Formal announcements regarding operator partnerships will be made upon finalisation of definitive agreements.”
Omaxe’s entry into the hospitality sector marks a significant diversification of its real estate business while capitalizing on India’s booming tourism, pilgrimage, and business travel markets. With a planned investment of ₹6,200 crore, the company aims to build a strong portfolio of integrated hospitality assets that enhance recurring revenue, support urban development, and contribute to economic growth across multiple cities. If executed as planned, the expansion will position Omaxe as a major player in India’s evolving hospitality landscape.
