NEW DELHI: Omaxe, through its subsidiaries, plans to expand in Madhya Pradesh by acquiring a 450-acre land parcel along the Super Corridor in Indore.
The company aims to develop an integrated township on this site with an estimated investment of ₹1,200 crore. The project will be executed in multiple phases and is anticipated to generate ₹2,500 crore in revenue over the next three years.
Funding for the project will primarily come from internal accruals.
The upcoming township will include a mix of residential plots and clusters, commercial and retail spaces, hospitality areas, as well as educational and healthcare facilities.
Omaxe holds a land bank of around 1,170 acres in Madhya Pradesh. In Indore, the company has developed or is currently developing several projects including Omaxe City-1 (330 acres), Omaxe City-2 (88.4 acres), Omaxe Hills (90 acres), Omaxe Pratham (50 acres), and the newly announced township along the Super Corridor (450 acres).
In Ujjain, Omaxe’s developments comprise Omaxe City-1 (75 acres) and two proposed joint venture projects, Omaxe City-2 and City-3, each spanning 50 acres. In Ratlam, Omaxe is advancing Omaxe City on over 35 acres.
