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Realty player Omaxe to develop 450-acre integrated township in Indore, plans ₹1,200 crore investmentThe project that will feature residential, commercial, education, and healthcare infrastructure; the company eyes ₹2,500 crore revenue in three years.By Timsy Jaipuria   July 8, 2025, 3:12:07 PM IST (Updated)3 Min ReadIn a major move to strengthen its footprint in Tier-II cities, real estate developer Omaxe Ltd. on Tuesday, July 8, announced a ₹1,200 crore investment to develop a sprawling 450-acre integrated township in Indore, Madhya Pradesh. The project, to be executed in phases, is expected to generate revenues of ₹2,500 crore over the next three years.

The township will come up along Indore’s rapidly growing Super Corridor featuring residential plots, commercial spaces, retail areas, schools, healthcare centres, hospitality zones, parks, and integrated public infrastructure. The development will be undertaken by Omaxe’s subsidiaries and is part of the company's strategy to tap into the economic potential of emerging urban centres.

“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,” said Mohit Goel, Managing Director, Omaxe Ltd, in a press statement.

Goel noted that with over 2,500 families already residing in the company’s other projects in Indore, the new development will further enhance Omaxe’s presence in one of the most vibrant and fastest-developing Tier-II cities.

The funding for the project will be secured primarily through internal accruals, reflecting the company’s disciplined financial strategy.

The company claims to have delivered 15 projects in Madhya Pradesh and expects to complete two more in the next quarter. The Indore township comes shortly after Omaxe’s announcement of a similar project in Amritsar, signaling its focus on building planned, future-ready urban ecosystems across high-growth regions.

Shares of Omaxe Ltd. are trading 2.9% higher at ₹105.05 on the BSE. The company's stock has grown by 6.15% in the previous six months.

Also read: Omaxe shares jump over 11% after announcing ₹1,000 crore investment in Amritsar township

Indore’s Infrastructure Boom

Indore has emerged as a key investment destination due to rapid improvements in connectivity and infrastructure. The city recently became the first in Madhya Pradesh to launch metro rail services. In preparation for the 2028 Simhastha Kumbh Mela, a Hindu religious fair held every 12 years in Ujjain, MP, the state is undertaking major upgrades to the railway infrastructure, including the redevelopment of Indore railway station and construction of new tracks and holding areas in and around Ujjain.

On the road network front, projects like the Indore-Ujjain expressway extension and twin tunnels on the Indore-Khandwa route are expected to cut travel time to key religious towns to just one hour by mid-2026.Continue Reading(Edited by : Vipal Durge)First Published: Jul 8, 2025 3:10 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIndoreRealty group Omaxe