Omaxe Group, a prominent real estate developer in India, has committed approximately ₹250 crore to its new premium residential project, Omaxe Cassia, in Lucknow. Developed by Omaxe Garv Buildtech Pvt. Ltd., a wholly-owned subsidiary of Omaxe Ltd., the project is part of the expansive 690-acre Omaxe Metro City township on Raebareli Road.
The project has already seen significant buyer interest, with nearly 300 out of the 360 units sold as construction begins. Omaxe Cassia is set to feature eight towers offering a mix of spacious 2BHK and 3BHK apartments, with completion expected within three years, adhering to RERA timelines.
Omaxe Group recently held a Bhoomi Pujan and Hawan ceremony at the site to mark the start of construction, attended by over 500 people, including channel partners and homebuyers. The event underscores the project’s importance and the company’s commitment to delivering integrated residential communities in high-growth urban areas.
The Lucknow real estate market is witnessing a shift in buyer expectations, with a focus on connectivity, social infrastructure, and sustainable development. Omaxe Cassia is designed to meet these evolving demands within a larger, self-sustained township. The project’s early success reflects consumer trust and the growing demand for quality residential spaces.
Strategically located on Raebareli Road, Omaxe Cassia benefits from its integration into the larger Omaxe Metro City ecosystem, offering access to regional infrastructure and township amenities. This positioning is expected to attract further residential demand in this burgeoning micro-market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).