Omaxe eyes ₹1,200 crore investment in Indore real estate project

(representative image) 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

Real estate developer Omaxe Ltd is planning to expand its presence in Madhya Pradesh with the acquisition of a 450-acre land parcel along the Super Corridor in Indore.

The BSE-listed company will develop an integrated township 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, it said in a statement. 

Funding will be secured primarily through internal accruals, it said.

Strategically located in one of Indore’s fastest-developing zones, the new township is designed to support the region’s rapid urban growth and infrastructure transformation.

“This project is a strategic milestone in our expansion journey in Madhya Pradesh. 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. With over 2,500 families already residing in our other Indore townships, we are excited to strengthen our presence in this vibrant city,” said Mohit Goel, Managing Director, Omaxe Ltd.

The upcoming township will feature a well-balanced 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 solid foundation in the State across Indore, Ujjain, and Ratlam, with a land bank of approximately 1,170 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). It is also developing 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. 

The company also recently announced a new integrated township in Amritsar as part of its broader growth strategy.

Published on July 10, 2025