Curation Team
NEW DELHI: Omaxe through its subsidiaries plans to expand in Madhya Pradesh with the acquisition of a 450-acre land parcel along the Super Corridor in Indore.
The company will develop an integrated township on this land. With an estimated investment of ₹1,200 crore, the development will be executed in multiple phases and is expected to generate ₹2,500 crore in revenue over the next three years.
Funding will be secured primarily through internal accruals,.
The upcoming township will feature a mix of residential plots and housing clusters, commercial and retail zones, hospitality spaces, school and healthcare facilities.
The company has a land bank of approximately 1,170 acres in Madhya Pradesh. In Indore, Omaxe has developed or is developing Omaxe City-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.
