Omaxe buys 450-acre land in Indore, to invest Rs 1,200 crore
Omaxe Ltd
has acquired 450-acre land in Indore to develop an integrated township with an investment of Rs 1,200 crore.
The company is expected to generate Rs 2,500 crore in revenue over the next three years.
Funding will be secured primarily through internal accruals, in line with Omaxe's financial approach.
'We have consistently believed in the long-term growth potential of cities like Indore, and this township is designed to be a future-ready ecosystem, combining high-quality residential, commercial, educational, and healthcare infrastructure,' said Mohit Goel, Managing Director, Omaxe Ltd.
The upcoming township will feature a mix of residential plots and housing clusters, commercial and retail zones, hospitality spaces, school and healthcare facilities and parks, green belts, and integrated public amenities.
Omaxe first entered the Madhya Pradesh market in 2005 with its integrated township Omaxe City-1 in Indore. Over the past two decades, the company has built a foundation in the state across Indore, Ujjain, and Ratlam, with a land bank of approximately 1170 acres.
In Indore, the company has developed OmaxeCity-1 (330 acres), Omaxe City-2 (88.4 acres), Omaxe Hills (90 acres), Omaxe Pratham (50 acres )and the newly announced township on the Super Corridor (450 acres).
In Ujjain, its presence includes Omaxe City-1 (75 acres) and two proposed joint venture projects, Omaxe City-2 and City-3, each spread across 50 acres. In Ratlam, Omaxe is developing
Omaxe City
in over 35 acres.
With 15 projects already delivered in the state and two more scheduled for completion in the next quarter, Omaxe continues to focus on timely execution and community-building across its portfolio.
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