Mumbai, Jan. 13 -- The stock's gain reflects positive market sentiment around the large-scale commercial and residential project, which spans approximately 5.25 acres and aims to blend high-street retail, luxury residences, dining and entertainment in one integrated destination.

Omaxe said the land parcel, located in Ludhiana's established Ghumar Mandi commercial zone, was secured through a competitive bid conducted by the Rail Land Development Authority, and is being developed on a leasehold basis. Management highlighted that Omaxe Chowk is designed to offer structured, contemporary urban planning with enhanced connectivity, pedestrian-friendly spaces and significant parking facilities.

The development is expected to boost local employ...