Overview

• Omaxe shares climbed 14.26% to an intraday high of ₹107.98 on June 16 after the township launch, outperforming the BSE Sensex.
• New Amritsar has secured RERA registration and all regulatory approvals for phased development across 260 acres.
• The initial phase covers 127 acres and includes residential plots, commercial spaces, a school, an exclusive clubhouse, and community infrastructure.
• The project’s location on GT Road will benefit from the Delhi-Amritsar-Katra Expressway, the Amritsar Ring Road and an expanded international airport.
• Funding comes from internal accruals with financial closure in place and potential additional financing under consideration.