Omaxe Invests ₹250 Crore In Lucknow Project; Shares Edge Up 

Mumbai, April 29: Omaxe Limited said it will invest about ₹250 crore in its residential project “Omaxe Cassia” in Lucknow, according to an exchange filing on Wednesday. 

The project is being developed by its wholly owned subsidiary, Omaxe Garv Buildtech Private Limited, within the larger Omaxe Metro City township on Raebareli Road. The company said demand has been strong at launch, with nearly 300 units sold out of a total 360 homes at the initial stage. 

The development includes 2BHK and 3BHK apartments across multiple towers. It forms part of the company’s broader push to expand in high-growth urban corridors through integrated township projects. 

Stock Market Share Price 

Omaxe Limited share price rose 0.96% to ₹82.18 as of 15:30 IST on April 29, 2026, compared with the previous close of ₹81.40, according to exchange data. 

The stock opened at ₹81.99 and moved within a range of ₹79.65 to ₹84.65 during the session. The price action points to a steady, rather than aggressive, market response. 

Investors appear to be taking note of the early sales traction, but are also mindful that real estate projects play out over longer timelines before translating into earnings. 

A Play On Tier-2 Housing Demand 

For Omaxe, the Lucknow project reflects a familiar strategy: focus on integrated townships in growing cities where demand is relatively resilient. Early bookings suggest underlying interest, especially for ready-to-move or well-located developments. 

At the same time, projects like these are execution-driven. Sales momentum needs to sustain, and construction timelines need to stay on track for the investment to fully reflect in financials. 

The Bottom Line 

The ₹250 crore investment strengthens Omaxe’s development pipeline and adds visibility through early bookings. The stock’s modest uptick suggests cautious optimism—investors are encouraged by demand, but waiting to see how it converts into consistent revenue over time. 

Source: 

• https://www.nseindia.com/get-quote/equity/OMAXE/Omaxe-Limited 
• https://nsearchives.nseindia.com/corporate/OMAXE_29042026124045_PR_Intimation_290426-sd.pdf