Tag: Madhya Pradesh

IndustryLatest Stories

Omaxe to invest ₹1,200 crore in 450-acre Indore township

Representative image created by AI 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…

InfrastructureLatest Stories

Land Pooling Begins for Indore-Pithampur Economic Corridor

AI-generated Representative Image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has initiated land pooling for the proposed 19.60 km Indore-Pithampur Economic Corridor, which will host commercial and industrial ventures along both sides. This infrastructure project aims to improve connectivity between Pithampur, the airport, and other vital urban areas, thereby facilitating commercial and industrial growth in the state. MPIDC’s Indore Executive Director, Himanshu Prajapati, stated, “The layout for the proposed corridor has been finalized, and we have begun the land pooling process. We have received consents for over 250 acres and are actively collecting documents from landowners.” The corridor will…