Omaxe, through its subsidiaries, intends to expand its operations in Madhya Pradesh by acquiring a 450-acre land parcel situated along the Super Corridor in Indore. The company plans to establish an integrated township on this site.
With a projected investment of ₹1,200 crore, the development will be carried out in several phases and is anticipated to yield ₹2,500 crore in revenue over the next three years. Funding will primarily be obtained through internal accruals.
The forthcoming township will comprise a combination of residential plots and housing clusters, commercial and retail areas, hospitality venues, as well as educational and healthcare facilities. The company possesses a land bank of approximately 1,170 acres in Madhya Pradesh.
In Indore, Omaxe has either developed or is in the process of 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 along the Super Corridor (450 acres). In Ujjain, its footprint includes Omaxe City-1 (75 acres) and two proposed joint venture projects, Omaxe City-2 and City-3, each covering 50 acres. In Ratlam, Omaxe is working on the development of Omaxe City, which spans over 35 acres.
