Latest news with #OmaxeGroup
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Lucknow Drives Tier-2 Realty Boom with 48% Sales Growth
India's Tier-2 cities are emerging as powerful growth hubs in real estate, driven by infrastructure upgrades, affordability, and evolving lifestyle demands. Defying a broader slowdown, Lucknow recorded a remarkable 48% jump in property sales value and a 25% increase in residential units sold, according to a PropEquity report. The city's transformation is underpinned by modern infrastructure, private sector responsiveness, and an expanding middle class seeking better urban living. Alongside Lucknow, Western cities like Ahmedabad, Surat, and Gandhinagar contributed to 79% of units sold and 74% of sales value. Other capitals—Jaipur, Bhubaneswar, Goa, and Bhopal—also showed healthy growth, jointly accounting for 30% of total revenue. Lucknow's real estate momentum is fueled by major infrastructure projects such as the Purvanchal Expressway, Outer Ring Road, and the expanding metro network. These efforts, combined with initiatives like AMRUT and Smart City Mission, are reshaping the city's urban fabric and improving its liveability. The city's realty value climbed to ₹1,797 crore with 1,301 units sold, the highest in Tier-2 cities. Developers are seizing this moment, investing in planned urban corridors and premium micro-markets like Gomti Nagar Extension, Shaheed Path, and Raebareli Road. These zones are seeing rapid price appreciation: Gomti Nagar Extension: 1.7× rise in 10 years, projected 1.9× by 2035 Shaheed Path: 2.4× rise in 10 years, projected 3.0× by 2035 Raebareli Road: 3.5× rise in 10 years, projected 3.4× by 2035 Real estate leaders including Mohit Goel (Omaxe Group), Yash Miglani (Migsun Group), and Neeraj Sharma (Escon Infra Realtors) agree that Lucknow is not just growing—it's setting the benchmark for Tier-2 urban development. Infrastructure, lifestyle appeal, and smart planning are transforming it into a long-term investment hotspot. As demand rises for quality housing and infrastructure keeps pace, Lucknow is redefining Tier-2 city potential, offering both end users and investors a future-ready, high-return market.
Fashion Network
25-04-2025
- Business
- Fashion Network
Palmonas launches first North India store in Delhi
Demi-fine jewellery label Palmonas has opened its first store in North India at Omaxe Chowk, Chandni Chowk to reach more shoppers in New Delhi. The label's new outlet houses an array of lightweight women's jewellery and features promotional images of brand co-founder, Bollywood actress Shraddha Kapoor. 'Palmonas was born out of the idea to offer stylish, long-lasting, and affordable jewellery for modern Indian women," said Shraddha Kapoor, India Retailing reported. "Each piece is crafted to complement everyday looks while making a statement. I'm so excited to see our first North India store come to life at such a vibrant location like Omaxe Chowk, Chandni Chowk." The new store offers a curated collection of necklaces, rings, bracelets, and earrings, targeting Indian consumers seeking affordable, modern jewellery. Palmonas currently ships to over 200 countries and has built its brand identity around offering lightweight, tarnish-resistant pieces designed for everyday wear, according to its Facebook page. "Omaxe Chowk, Chandni Chowk, with its blend of heritage and modern infrastructure, is emerging as a launchpad for such brands," said Omaxe Group's executive director Jatin Goel. "Palmonas' entry here is not just a store opening- it represents the growing appetite for curated, experiential retail that resonates with the next generation of shoppers." Palmonas joins jewellery brands including Tanishq, Malabar, Caratlane, Kalyan Jewellers, Senco, and Kisna at Omaxe Chowk. The Pune-based brand was founded in 2022 by Pallavi Mohadikar and Amol Patwari and later named Shraddha Kapoor as a co-founder.
