Author: Neel Achary

Omaxe Invests Rs. 500 Crore in Ludhiana to Launch Mixed-Use Omaxe Chowk Project

 New Delhi, Jan 15: Omaxe Ltd., one of India’s leading real estate developers, has announced Omaxe Chowk, Ludhiana, a modern mixed-use high-street destination aimed at redefining organised retail and luxury residences in the city. Strategically located in the heart of Ludhiana at Ghumar Mandi, one of the city’s most well-known and established commercial and wedding shopping markets, the project is being developed as an integrated urban destination combining commercial and luxury residential components within a single, well-planned development. The land parcel has been secured through a competitive bidding process conducted by the Rail Land Development Authority (RLDA) and is being developed on a leasehold basis. Spread across approximately 5.25 acres with a total investment of Rs. 500 crore, Omaxe Chowk seeks to bring scale, structure, and contemporary planning to an already high-footfall market.

The project reflects a broader shift in how cities engage with commercial spaces today, where shopping is increasingly part of a larger social and lifestyle experience. Conceived as a modern high-street market, Omaxe Chowk brings shopping, luxury residences, and celebrations together in one destination, with a strong focus on wedding shopping, jewellery, fashion, destination dining, and entertainment. The development has been planned to offer a more structured, comfortable, and engaging alternative to traditional market areas, while remaining closely aligned with Ludhiana’s established commercial culture.

Speaking on the announcement, Mr. Jatin Goel, Executive Director, Omaxe Ltd., said,

“Ludhiana has always been an important market for Omaxe, shaped by strong enterprise and everyday commercial activity. With Omaxe Chowk, our objective is to create a destination that feels contemporary yet familiar, one that brings structure, luxury, ease, and comfort to the way people shop, dine, and spend time. A key focus has been walk-to-shop convenience, where seamless connectivity allows people to move easily from home to office and from home to retail and dining spaces. Consumers today are looking for destinations that offer not just choice, but also convenience, integrated luxury residences, and a welcoming atmosphere, and this project has been thoughtfully planned with those expectations at its core.”

The development will feature a well-balanced mix of premium retail shops, wedding and jewellery showrooms, fashion outlets, destination dining, and an entertainment zone, catering to both local shoppers and NRIs who frequently visit Ludhiana for wedding and occasion-led purchases. Omaxe Chowk is planned to host a large mix of brands and will include a dedicated flagship food and experience zone, Dawatpur, while positioning organised shopping as a core attraction alongside dining and entertainment. Details on brand participation will be announced closer to launch.

Planned with visitor comfort in mind, Omaxe Chowk will benefit from a two-side frontage, with access from Rani Jhansi Road on one side and College Road on the other, enhancing visibility and ease of entry. Positioned within Ludhiana’s established commercial zone, the location attracts a high concentration of serious, high-intent shoppers. The development will offer wide access roads, organised multiple entry and exit points, planned internal circulation, and parking for over 1,000 cars, addressing challenges commonly associated with traditional market areas. The project will also feature wide pedestrian walkways and heritage-inspired architecture with a modern design approach, creating a destination that is both functional and experiential.

Omaxe Chowk is expected to generate significant local employment during construction and create long-term job opportunities across retail, food and beverage, security, maintenance and facility management. By attracting brands, visitors and events, the development is expected to boost surrounding businesses, increase footfall in the area, and contribute to sustained economic growth in Ludhiana. As a PPP project, Omaxe Chowk is being developed under an agreement between RLDA and Ludhiana Wholesale Market Private Limited (a Wholly Owned Subsidiary of Omaxe Ltd. The project is scheduled for delivery as per RERA timelines by June 2030. As Ludhiana continues to expand as a high-growth urban centre, Omaxe Chowk is envisioned as a long-term mixed-use development that brings together organised commerce and quality and luxury residential living, supported by modern infrastructure and experience-led planning. The project’s residential offering further strengthens its mixed-use character, adding long-term liveability and sustained urban value to the destination.

From residential neighborhoods to large-format urban destinations, Omaxe played a sustained role in India’s urban growth across 31 cities in 8 states, with a portfolio spanning residential, commercial, integrated townships and public-private partnership developments. Omaxe key projects include The Omaxe State in Dwarka, Omaxe Chowk in Chandni Chowk, World Street in Faridabad, Omaxe New Chandigarh, Omaxe Royal Residency in Ludhiana, Omaxe Hazratganj in Lucknow, Omaxe Sangam City in Prayagraj, Omaxe City 1 and 2 in Indore, and Omaxe Eternity in Vrindavan. In FY 2024–25, Omaxe Ltd. reported a consolidated total income of ₹1,637 crore.

SBI MF, ICICI Prudential MF and HDFC MF Lead Amagi Media Labs’ Rs. 805 Crore Anchor Book Ahead of IPO

Mumbai, Jan 15:  Amagi Media Labs Ltd. (Amagi) has successfully raised Rs. 805 crore from marquee anchor investors ahead of its Rs. 1,789-crore Initial Public Offering (IPO), set to open on 13th January 2026. The company allotted 2,22,95,799 equity shares to 42 anchor investors at Rs. 361 per share, the upper end of the price band.

Amagi’s IPO is CY2026’s first deep-tech, SaaS, and private sector IPO. Leading domestic mutual funds—SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund—have taken the majority of the anchor portion allocation, marking a rare instance where all three top consortium fund houses have participated as anchors.

The company’s strategic anchor allocation includes 35 resident and 7 non-resident investors, encompassing domestic and foreign funds, and long-only insurance companies. Other notable anchor investors include Birla MF, Fidelity, Motilal Oswal MF, HDFC Life Insurance, Tata MF, Franklin Templeton MF, 360One, Baroda BNP MF, Amundi, PGIM MF, Bandhan MF, Susquehanna International (SIG), Bharti Axa, Isometry Capital, Societe Generale, Creaegis, Edelweiss Tokio Life, New Vernon Capital, and Helios (including MF), reflecting strong investor confidence in the company.

The public issue will close on January 16, 2026, extended by four days due to local municipal elections in Maharashtra.

The IPO comprises a Fresh Issue of equity shares aggregating up to Rs. 816 crore, and an Offer for Sale of up to 26,942,343 equity shares by the selling shareholders. The fresh issue proceeds will be used for technology and cloud infrastructure investment, inorganic growth through acquisitions, and general corporate purposes.

The Offer for Sale includes shares by institutional investors such as PI Opportunities Fund I & II, Accel India VI (Mauritius) Ltd, Trudy Holdings, Norwest Venture Partners X – Mauritius, as well as shares from individual selling shareholders, including Rahul Garg, Rajat Garg, Kollengode Ramanathan Lakshminarayana, Prem Gupta, and Rajesh Ramaiah.

Amagi’s equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE).

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Pvt. Ltd., Goldman Sachs (India) Securities Pvt. Ltd., IIFL Capital Services Ltd., and Avendus Capital Pvt. Ltd. are acting as the Book Running Lead Managers (BRLMs) for the IPO.

Nexedge Capital Appoints Dr. Gaurav Kulshreshtha as CIO and Founding Partner

“India is at an inflection point in wealth management, with institutional thinking now essential,” said Gaurav. “My focus at Nexedge is to define the investment philosophy, governance and decision-making framework that will guide portfolio construction and capital allocation over the long term.”

“Gaurav’s depth across investment strategy and his experience working with sophisticated families make him a strong partner as we build Nexedge for the long term,” said Anirudha Taparia, Founder and Chief Executive Officer of Nexedge Capital. “His leadership strengthens our ability to offer thoughtful, aligned investment solutions to clients.”

91Springboard Partners with AVIS India to Offer Chauffeur-Driven Car Services for Members

91Springboard partners with AVIS India to enhance member experience with chauffeur-driven car services across major cities, further strengthening its portfolio of exclusive member offerings

Reinforcing its commitment to providing convenient, meaningful experiences outside of the workplace, 91Springboard, one of India’s leading comprehensive workspace solutions provider, has announced a strategic partnership with AVIS India, a global leader in mobility solutions. This partnership aims to enhance convenience for 91Springboard members by providing them premium chauffeur-driven car and luxury van services at exclusive discounted rates across key Indian cities.

A Partnership Built Around Real Member Needs

The modern workday extends well beyond office walls. Reliable, safe, and high-quality mobility is necessary for meetings, airport transfers, intercity travel, and last-minute business plans; members frequently mentioned this as a challenge. Through this collaboration, 91Springboard not only recognizes this need but actively addresses it by providing members with.

The service covers major Indian cities, such as Delhi NCR, Mumbai, Bangalore, Pune, Hyderabad, and Chennai, among others. 91Springboard members can avail exclusive discounts on AVIS India bookings through a dedicated partner page, where offers are already applied, ensuring a smooth and convenient booking experience.

The partnership will provide a range of exclusive benefits for 91Springboard members, including:

• 35%* off on domestic chauffeur-driven services, applicable on airport transfers, local city rides, and outstation trips.
• Members seeking more premium experience can enjoy up to 10% off on Avis one luxury transfers.
• International business travelers will receive up to 10% discount on self-drive and chauffeur-driven services abroad for comfort and convenience wherever their business takes them.

AVIS India provides a complete range of fully insured vehicles, from top-of-the-range sedans and SUVs, with specially trained chauffeurs. The service encompasses intra-city and intercity travel in safe, comfortable, and hassle-free fashion. All this comes with the additional element of dependability because of a committed 24×7 contact center dedicated to providing around-the-clock support.

Commenting on the partnership, Sameer Singh, COO of 91Springboard said:

“Customer-centricity is at the core of everything we do at 91Springboard. Our members lead fast-paced, demanding work lives, and if we can make even one part of their day smoother, it creates meaningful value. This collaboration with AVIS India enhances convenience beyond the workspace, enabling our members to stay focused on what truly matters, building, scaling, and succeeding.”

Adding to it, Aman Naagar, MD, AVIS India said,

“91Springboard’s member base spans startups to large enterprises, and we’re delighted to offer mobility solutions that match their pace and expectations.  By associating with them, AVIS India aims to ensure that business traveling for members is efficient, safe and hassle-free.”

91Springboard remains committed to elevating productivity, convenience, and the overall work–life experience of its members. Through its 91S Booster initiatives with partners such as Ixigo, Ferns & Petals, Tata 1mg, Third Wave Coffee, Lemon Tree Hotels among others, the flex space provider offers exclusive collaborations that support both professional and personal needs of its members. These carefully curated boosters provide members with privileged access to premium products, services, and benefits, adding meaningful value, comfort, and support to their everyday routines.

With 45 hubs across Bengaluru, Delhi, Noida, Gurugram, Chennai, Mumbai, Hyderabad, Goa and Pune, 91Springboard continues to deliver value to its members. This tie-up with AVIS India strengthens 91Springboard’s vision toward an integrated ecosystem where entrepreneurs, start-ups, and enterprises of all sizes can thrive throughout their professional journey.

 Mahima Group announces the launch of ‘Ecovista’ a luxury residential project

Jaipur, Jan 15: Jaipur based real estate developer Mahima Group has announced the launch of Ecovista, a luxury residential development that reflects the city’s growing preference for sustainable, well-planned urban housing. With an estimated gross development cost of ₹200 crore, the project marks a significant addition to Jaipur’s evolving residential market. The project will offer spacious 3 and 4 BHK Luxury Residences.

The development is spread across a 11,700 sq. metre land parcel located at Main Tonk Road Jaipur. Ecovista project bears a strategic proximity to key industrial, educational and medical hubs further enhancing its appeal for end users seeking both connectivity and long term value in realty. This location represents an important and prestigious part of South Jaipur, an area traditionally associated with upscale living, refined lifestyles, and luxury developments.

A defining highlight of Ecovista is its strong emphasis on open, green living. Nearly 80 percent of the project area is dedicated to green and open spaces, while the planning ensures minimal vehicular movement at the ground level, creating a safer, cleaner and more pedestrian friendly environment.

Commenting on the launch, Nikhil Madan, Managing Director, Mahima Group said

“The project aligns with our vision of building future-ready communities in the city. Ecovista has been planned as a holistic residential environment where sustainability, location, and thoughtful design come together to create enduring value for homeowners. We are also in a phase of creating a special segment of Uber-Luxury projects that offers world class amenities, Ultra Modern specifications, and intelligent planning delivered at a highly compelling value proposition.”

Jaipur’s residential market continues to witness steady demand for lifestyle led developments that prioritise open spaces, improved infrastructure access and long term liveability. With Ecovista, Mahima Group aims to strengthen its presence in the micro markets of Jaipur while responding to evolving homebuyer expectations.