Latest StoriesResidential

Factories Transform into Townships with Worker Housing in MP

Representative AI image BHOPAL: With manufacturing units expanding across Madhya Pradesh, industries in Jetapur, Ratlam, Dhar, Ujjain, and Bhopal are increasingly establishing residential blocks within their factory premises. This shift underscores a move towards integrated industrial campuses. Numerous companies have notified the industries department about plans to build housing for workers on their designated industrial land, aiming to lessen commute times and enhance employee retention. The trend is gathering pace in both established and emerging industrial hubs, where companies are asserting that quality housing is as crucial as road, power, and water infrastructure. Employees will benefit from reduced commuting time,…

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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…