Few names in North Indian real estate carry as much history as Omaxe Group. For nearly four decades, Omaxe Group has moved from small construction contracts to entire townships that house thousands of families. 

Today, when someone in Zirakpur, Derabassi, or North Mullanpur asks about a builder with a real track record behind it, the conversation almost always circles back to Omaxe Group.

This is not a brand that appeared overnight. It started with one man, one contracting firm, and a simple promise to build well. That promise turned into over 129 million square feet of delivered space across residential and commercial projects. 

It turned into a listing on the Bombay Stock Exchange and National Stock Exchange. It owns India’s second private limited company in the real estate sector. It turned into townships that changed the skyline of entire regions, especially New Chandigarh.

Omaxe mainly works on large-scale or mega housing projects and industrial corridor developments. And whichever city they enter, they become the trendsetter there, meaning they set new standards and influence the real estate market of that city.

In this guide, we walk through the real story. Who built this company? What it actually offers today. Which projects are live right now in the Tricity Belt? And what the numbers say about buying here in 2026. No filler, no recycled claims. Just facts you can verify and act on.

Who Is Behind Omaxe Group? Meet the Man Who Started It All.

Every large real estate brand has an origin story. Omaxe's story begins with Rohtas Goel, a civil engineer who chose to build things rather than simply design them. In 1987, he started a construction and contracting business. Two years later, in 1989, that business was formally incorporated as Omaxe Builders Private Limited.

For over a decade, the company stayed in its lane. Construction. Contracting. Learning the ground realities of Indian infrastructure. Then, in 2001, Goel took the business into full-scale real estate development. The first project came up in Gurugram. It was a modest start for a company that would later deliver townships spanning hundreds of acres.

The turning point arrived in 2007. Omaxe is listed on both the BSE and the NSE, and its initial public offering was reportedly oversubscribed by 80 times. That kind of investor confidence does not happen by accident. It happens when a company has already proven it can deliver.

What sets Rohtas Goel apart from many of his peers is timing. He moved into Tier II and Tier III cities more than a decade before affordable housing became an industry buzzword. He saw the demand-supply gap in smaller cities before most large developers even looked there. 

This is also the man who twice served as president of the National Real Estate Development Council and who holds the distinction of being the first honorary consul of the Republic of Congo-Brazzaville in India. Recognition like this rarely comes to someone who has not earned genuine standing in the industry.

The leadership has since expanded to a second generation. Mohit Goel now serves as Managing Director, steering day-to-day operations and newer launches such as the New Amritsar township. Jatin Goel, Executive Director, brings additional depth in real estate and finance. Together, this leadership structure gives Omaxe Group both the experience of its founding years and the energy of newer thinking.

What Does Omaxe Group Actually Build?

Omaxe Group is not a one-category developer. Its portfolio spans four broad verticals, and understanding this spread helps explain why the brand has stayed relevant across market cycles.

• Residential developments, including plotted colonies, apartments, villas, and independent floors
• Commercial spaces, from neighborhood shopping malls to high street retail and office towers
• Hospitality-linked infrastructure that supports its larger integrated townships
• Fully integrated townships in Tier I and Tier II cities, combining housing, retail, and civic infrastructure in one address

As of the last reported financial year, Omaxe Group maintained a presence across roughly 27 to 31 cities in 8 states, including Uttar Pradesh, Haryana, Punjab, Madhya Pradesh, Rajasthan, Himachal Pradesh, Uttarakhand, and Delhi. That geographic spread is one reason the brand rarely disappears from local property conversations, whether you are in Indore, Faridabad, or Mullanpur.

From Plots to Skyline Living: Complete Residential & Commercial Choices in Mullanpur & New Chandigarh

Omaxe Group holds a large land bank concentrated in Mullanpur and New Chandigarh—peri-urban areas on the outskirts of Chandigarh that have seen rapid planned development, with relatively better connectivity, lower density than core Chandigarh, and growing infrastructure.

Residential options

They offer a full ladder of products so buyers can choose by their budget, lifestyle, and preferred density:

- Plots: Sizes ranging from 150 to 700 gaj (gaj = 9 sq ft, so roughly 1,350–6,300 sq ft). These are independent plots for self-construction or custom homes—popular with buyers who want control over design, larger outdoor space, and long-term appreciation.

- Low-rise (S+3): Stilt + 3 floors. Typically low-density walk-up or limited-elevator buildings. Configurations include:

- 2 BHK

- 3 BHK

- 3+1 BHK (3 bedrooms + an additional room that can serve as a study, servant room, or extra bedroom)

These suit families who prefer lower height, a more open feel, and relatively quicker possession or lower maintenance compared with towers.

- High-rise (S+24 and above): Stilt + 24 floors or taller towers. Configurations:

- 3 BHK

- 3+1 BHK

- 4 BHK

These target buyers are looking for elevated views, club/amenities scale, and modern tower living.

Additional lifestyle features mentioned:

- Artificial lake

- Theme park  

These are marketed as differentiating amenities that create a resort-like or recreational environment within the township, intended to enhance daily living and potentially support higher pricing.

Commercial options

Alongside residential, they offer mixed-use commercial inventory:

- Retail space (shops, showrooms, high street or mall-style)

- Office space

- Pre-lease hotel (hotel inventory that may already have or be structured for operator leasing)

- SOHO (Small Office / Home Office units—flexible spaces that can work as live-work or small professional offices)

Overall positioning

The portfolio is designed as a one-stop township-style offering: land for self-builders and low-rise for family buyers preferring lower density. High-rise for those who want tower amenities and views, plus commercial components (retail/office/hotel/SOHO) that can support local employment, footfall, and investment yields. 

The artificial lake + theme park concept is positioned as a place-making differentiator to make the developments more lifestyle-oriented rather than pure housing.

Why Has New Chandigarh Become Omaxe Group's Biggest Playground?

If there is one region where Omaxe Group has gone all in, it is North Mullanpur, better known as New Chandigarh. This is Punjab's first planned eco-town, originally designed with inputs from Jurong International. 

The location backs onto the Shivalik hills, sits near roughly 30 kilometers of reserve forest, and is a short drive from the 48-acre PCA cricket stadium.

Instead of building one isolated project here, Omaxe Group built a cluster. Multiple residential and commercial developments now sit within a few kilometers of each other. It gives the brand a rare multi-project footprint that few national developers can match in this specific belt.

Omaxe Group Projects Across New Chandigarh and Derabassi

Omaxe New Chandigarh: The Flagship Township

This is the project that anchors the entire cluster. Omaxe New Chandigarh offers plots ranging from 115 to 1,000 square yards, along with villas and independent floors. 

It sits close to the upcoming metro line, a proposed bus terminal, the Sarangpur Industrial Area, and PGI Chandigarh. 

For buyers who want land or a low-rise home with room to customize, this remains the starting point of any Omaxe Group conversation in the region.

Omaxe The Lake: Where Luxury Apartments Meet Water Views

Spread across roughly 25 acres, Omaxe The Lake offers apartments from 1 BHK to 6 BHK, aimed squarely at buyers who want a resort-style setting without leaving the city. Units here have listed price points starting from around 53 lakh and rising above 2.99 crore depending on size and configuration, making it one of the more premium addresses in the cluster.

Omaxe Cassia: Practical Luxury for Growing Families

Omaxe Cassia offers 3 and 4 BHK flats between 1,725 and 2,380 square feet, most of them with separate servant quarters. The project is largely ready to move, which appeals to buyers who do not want to wait years for possession.

Omaxe World Street: A High Street Built for the Tricity

This is Omaxe Group's answer to global retail with wide greenery. It is spread across more than 100 acres in parts and inspired by high streets in London and Singapore. Here World Street combines SCOs, showrooms, office towers, and entertainment zones. It is designed to serve the residential population growing across New Chandigarh's other Omaxe projects, giving investors here a built-in customer base.

Omaxe Greens and Greens- 2: The Affordable Face of the Brand

Not every Omaxe Group project targets the luxury buyer. Omaxe Greens in Central Derabassi, sitting on the Ambala-Chandigarh Expressway (NH-44), offers 2 and 3 BHK flats from around 892 to 1,750 square feet on a 16-acre footprint. 

Its sister concern project, Omaxe Greens-2 on NH-152, extends this affordable positioning with G+4 and villa-style independent floors for close to 500 families. Together, these two projects show that Omaxe Group has not abandoned the mid-income buyer even as it builds premium townships elsewhere in the same belt.

Omaxe The Resort: A Quieter Corner of South Mullanpur

Set apart in South Mullanpur across roughly 9.6 acres, Omaxe The resort takes a lower-density approach compared to some of its sibling projects. The name is a fair description of the intent behind it. 

Buyers here are typically looking for a calmer, more insulated address, still inside the larger New Chandigarh ecosystem but away from the busier commercial stretch near World Street. 

It works well for end users who want proximity to the Tricity without constant traffic and footfall at their doorstep.

Omaxe Mulberry and Omaxe Silver Birch: Delivered, Not Just Promised

Both Omaxe Mulberry and Omaxe Silver Birch fall into a category that matters more than any brochure line: delivered status. In a market where under-construction promises are common and possession delays are a genuine industry-wide concern, having completed villa and apartment stock already standing in North Mullanpur gives buyers something tangible to inspect before they commit. Omaxe Mulberry focuses on villa-style living, while Silver Birch adds to the apartment stock in the same micro-market, rounding out the choices available within a short drive of each other.

What Amenities and Design Standards Run Across Omaxe Group Townships?

One advantage of buying into a large, established developer is consistency. Across its New Chandigarh and Derabassi projects, Omaxe Group tends to repeat a similar amenity framework, adjusted for the price segment of each project.

• Landscaped green belts and jogging tracks, benefiting from the surrounding reserve forest cover in North Mullanpur
• Clubhouses with indoor and outdoor recreation spaces, scaled to the size of each project
• Underground drainage and planned internal roads, a basic but often overlooked standard in newer plotting schemes
• Round-the-clock security and gated access across residential clusters
• Proximity planning, positioning commercial hubs like World Street within reach of residential clusters like The Lake and Cassia

Because New Chandigarh was originally planned as an eco-town with inputs from Jurong International, sustainability sits closer to the core of the master plan than it does in many hastily developed micro-markets. 

Apart from this, reserve forest cover, a botanical garden, and low-density zoning near the Shivalik foothills were part of the region's design from the outset, and Omaxe Group's projects sit inside that same planning framework rather than working against it.

Has Omaxe Group Been Recognized for Its Work?

Awards alone do not make a builder trustworthy, but they do reflect how a company is viewed by industry peers and independent panels over time. Omaxe Group's recent recognitions include a Best Township of the Year award for Omaxe City 1 in Indore, a Jagran Achievers Award for The Omaxe State, and a Realty Conclave and Awards honor for Omaxe Group as a whole. 

Furthermore, the company's leadership has also been individually recognized in the past, including a Young Achiever award for the Managing Director at a Realty Plus Conclave and Excellence Awards edition.

These recognitions sit alongside the harder evidence already covered in this guide: the stock exchange listing, the delivered square footage, and the RERA registrations. Together, they paint a picture of a company that industry observers, not just its own marketing team, continue to take seriously.

What Should a First-Time Buyer Check Before Booking an Omaxe Group Home?

Most generic real estate blogs stop at describing amenities and price. A more useful approach is to tell you exactly what to verify before you sign anything, regardless of which builder you are considering.

• Confirm the project-specific RERA number on the Punjab RERA portal, not just the developer's overall registration
• Ask for the current construction status and, where possible, visit the site rather than relying only on renders
• Check the payment plan structure, since construction-linked plans and down-payment plans carry different levels of risk
• Review the super area versus carpet area breakdown in writing before comparing per-square-foot prices across projects
• Ask about maintenance charges and the handover process for common amenities like clubhouses and green belts

None of these steps take more than an afternoon, and they apply whether you are buying a plot in Omaxe New Chandigarh, an apartment in Omaxe Cassia, or a commercial unit in Omaxe World Street. 

A developer with decades of documented history, like Omaxe Group, makes this verification process easier simply because there is more public information to check against.

Beyond the Tricity, Omaxe Group's growth has not slowed. In 2025, the company announced a fresh 260-acre township near the Golden Temple in Amritsar, called New Amritsar, with an initial investment of over 1,000 crore rupees. 

The company also operates across Ludhiana, Patiala, and Bathinda, confirming that Punjab remains one of its core growth markets, not a side project.

What Makes Omaxe Group Different From Every Other Builder Nearby?

New Chandigarh has no shortage of developers today. So what actually separates Omaxe Group from a builder that launched five years ago with similar-looking brochures?

The width of this portfolio is the real story. A buyer can walk from an affordable 2 BHK in Omaxe Greens to a lakeside luxury apartment in Omaxe The Lake without leaving the Omaxe Group ecosystem. Very few developers in this belt can offer that range within a ten-kilometer radius.

Is Now the Right Time to Invest With Omaxe Group?

Pricing at Omaxe New Chandigarh has been on a steady upward path through late 2025 and into 2026. This is not a spike driven by a single announcement. It reflects sustained buyer interest across the whole New Chandigarh corridor.

Rental values across the Omaxe New Chandigarh portfolio currently range from roughly 14,000 to 95,000 rupees a month, depending on configuration, from compact 1 BHK units to larger 6 BHK and penthouse-style homes. For investors, this rental band signals a market that is maturing, not one that is speculative or thin on real occupancy.

There is also a broader infrastructure story supporting this growth. Regional leaders have publicly discussed developing the Mohali-Zirakpur-Derabassi-New Chandigarh-Kharar belt into a combined financial and IT corridor with metro connectivity planned within the next five years.

Whether or not every proposal lands on schedule, the direction of investment in this belt is clearly upward, and Omaxe Group's early and repeated presence here puts it ahead of that curve.

How Well Connected Is the Omaxe Group Belt in New Chandigarh?

Location decisions in real estate rarely come down to the project alone. Connectivity often decides whether a home holds its value five or ten years down the line. The Omaxe Group cluster in North and South Mullanpur benefits from several overlapping advantages that are worth spelling out rather than glossing over.

• Direct road access to Chandigarh, Mohali, and Panchkula through the existing Tricity road network
• Proximity to PGI Chandigarh for tertiary healthcare, a genuine advantage for families and senior citizens
• Nearby Sarangpur Industrial Area, which supports local employment and small business activity
• A metro line proposed to serve New Chandigarh, which would materially change daily commute times if delivered on schedule
• Roughly 45 minutes to Shaheed Bhagat Singh International Airport, keeping the township within reasonable reach of domestic and select international flights

None of these factors are unique to Omaxe Group on their own. 

Omaxe Group’s projects are tightly clustered in this corridor.  

Residents of one project, like Omaxe Cassia, can easily walk or take a short drive to amenities in another Omaxe project.  

For example, they can reach the retail and dining options coming up at World Street.

How Does Omaxe Group Protect Buyers Legally?

Every major Omaxe Group project referenced in this guide carries a public RERA registration number under the Punjab Real Estate Regulatory Authority. 

This means project timelines, sanctioned plans, and builder obligations are all recorded with a government body, not just promised in a brochure. 

Buyers can independently verify any of these registration numbers on the official Punjab RERA portal before signing a booking form.

This is a basic but important layer of protection. The market is crowded with unregistered plotting schemes and informal land deals. This is especially true around fast-growing corridors like New Chandigarh. 

A RERA-registered project changes that. It comes from an NSE- and BSE-listed company. This gives buyers a documented paper trail. They can raise it with the authority later, if needed.

How Does Omaxe Group Compare to Its Own Past Projects?

It is worth pausing on something that often gets lost in builder marketing: consistency over time is harder to fake than a single good launch. 

Omaxe Group's earlier Delhi-NCR projects established its reputation for large integrated townships. These included developments in Noida, Greater Noida, and Gurugram. This reputation was built long before New Chandigarh became its Punjab flagship. The same design philosophy shows up again in the New Chandigarh cluster. This includes wide green belts, mixed-use planning, and a phased mix of residential and commercial blocks.

This pattern matters for buyers evaluating risk. A developer repeating a proven township formula in a new city carries a different risk profile than one attempting its first large-scale project. 

Furthermore, Omaxe Group's New Chandigarh portfolio is, in that sense, an evolution of a model the company has already tested and refined across earlier markets in Delhi-NCR and central India.

Why Omaxe Group Deserves Your Attention Right Now

There is no shortage of new developers promising a lot with very little behind them. Omaxe Group is the opposite case. Nearly four decades of construction history, a public listing that investors have watched for almost twenty years, and a genuine multi-project footprint across New Chandigarh and Derabassi make Omaxe Group one of the few names in this belt with both scale and a paper trail to back it.

Whether you are looking at an affordable 2 BHK in Omaxe Greens, a plotted home in the flagship Omaxe New Chandigarh, or a lakeside luxury apartment in Omaxe The Lake. The underlying brand behind each of these is the same Omaxe Group that has been building through market cycles since 1987. 

For buyers who value a documented history over a glossy new logo, Omaxe Group remains one of the most defensible choices in the Tricity real estate market today.

Frequently Asked Questions About Omaxe Group

When was Omaxe Group founded, and who started it?

Omaxe Group traces back to 1987, when civil engineer Rohtas Goel started a construction and contracting business. It was formally incorporated as Omaxe Builders Private Limited in 1989.

Is Omaxe Group a listed company?

Yes. Omaxe got listed on both the Bombay Stock Exchange and the National Stock Exchange in 2007, following an initial public offering that was reportedly oversubscribed by 80 times.

How much area has Omaxe Group delivered so far?

Omaxe Group has delivered more than 129 million square feet across residential and commercial projects, according to the company's own current disclosures.

Which is the flagship Omaxe project in New Chandigarh?

Omaxe New Chandigarh, registered under PBRERA-SAS80-PR0034, is the flagship township, offering plots from 115 to 1,000 square yards along with villas and independent floors.

Does Omaxe Group build both affordable and luxury housing?

Yes. Omaxe Greens and Greens-2 in Derabassi target affordable 2 and 3 BHK buyers, while Omaxe The Lake in New Chandigarh targets premium 1 to 6 BHK luxury apartment buyers.

What is the current price trend at Omaxe New Chandigarh?

Average prices moved from around Rs 7,450 per square foot in Q4 2025 to about Rs 8,450 per square foot by Q2 2026, a steady upward trend across three consecutive quarters.

Are Omaxe Group projects RERA registered?

Yes. Every major project covered in this guide carries a public RERA registration number under the Punjab Real Estate Regulatory Authority, which buyers can verify independently.

Who leads Omaxe Group today?

Rohtas Goel remains the founding chairman. Mohit Goel serves as Managing Director, and Jatin Goel serves as Executive Director, together running day-to-day operations and new launches.

What is Omaxe World Street?

It is a large-scale commercial high street development across Sector 6 and Sector 82 of New Chandigarh, offering retail shops, SCOs, showrooms, and office towers inspired by global retail boulevards.

Is Omaxe Group active outside the Chandigarh Tricity?

Yes. The company operates across 27 to 31 cities in 8 states and in 2025 launched a new 260-acre township called New Amritsar near the Golden Temple, alongside ongoing projects in Ludhiana, Patiala, and Bathinda.

What is the price range for a plot in Omaxe New Chandigarh?

Plots range from 115 to 1,000 square yards, with per-square-foot rates that moved from around Rs 7,450 to Rs 8,450 between Q4 2025 and Q2 2026, so total pricing depends heavily on plot size and specific block.

Is Omaxe New Chandigarh ready to move or under construction?

The status varies by project within the cluster. Omaxe Mulberry and Omaxe Silver Birch are delivered, and Omaxe Cassia is largely ready to move, while other components of the township continue to be developed in phases.

What rental income can an Omaxe New Chandigarh property generated?

Reported rental values across the cluster range from roughly Rs 14,000 to Rs 95,000 a month, depending on configuration, from 1 BHK units up to larger 5 and 6 BHK or penthouse-style homes.

Does Omaxe Group build commercial projects too or only homes?

Both Omaxe World Street in New Chandigarh and the World Street projects in cities like Faridabad show that commercial retail, SCOs, and office space are as central to Omaxe Group's business as residential townships.