Delhi-based Omaxe Group Invests ₹250 crore in Lucknow Residential Project
Delhi-based real estate developer Omaxe Group has announced its plan to invest over ₹250 crore to develop its premium residential project, Omaxe Cassia, in Lucknow. The project is being developed by Omaxe Garv Buildtech Pvt Ltd, a wholly owned subsidiary of the company.
About Omaxe Cassia
- The project is located within the 690-acre Omaxe Metro City township on Raebareli Road in Lucknow.
- Omaxe Cassia will comprise eight residential towers offering a mix of 2BHK and 3BHK apartments.
- The project is targeted for delivery within the next three years and is being built in line with RERA timelines.
The project has already sold 300 of its 360 units, with construction commencing, the company said. This shows the growing demand for township living in Lucknow.
Why Homebuyers in Lucknow are Prioritising Township Living
Homebuyers in Lucknow are evaluating projects based not only on the apartment unit but also on the broader ecosystem surrounding the development, the company said. They are prioritising connectivity, evolving infrastructure, and access to township amenities while making purchase decisions.
Omaxe Group's Expanding Portfolio
- Omaxe Group has delivered about 140.17 million sq ft of real estate across 31 cities in 8 states.
- The company has sold 173 luxury homes worth nearly ₹800 crore and 120 commercial units valued at ₹160 crore in Faridabad in March 2026.
- The company has launched two new city projects, Omaxe Residences and The Grand Europe, in Faridabad.
About Omaxe Residences and The Grand Europe
- Omaxe Residences comprises six planned towers, with RERA approval obtained for three towers in the first phase.
- A total of 173 ultra-luxury residential units were launched in Omaxe Residences, and the entire inventory was sold out within a few days.
- The Grand Europe is a commercial SCO development that has also been completely sold out, with 120 units sold, generating an overall sales realisation of around ₹160 crore.
Omaxe is investing an estimated ₹1,060 crore in Faridabad's local real estate ecosystem, with an estimated project cost of ₹927.20 crore for Omaxe Residences and ₹133.78 crore for The Grand Europe.