Omaxe to develop 450-acre township in Indore with ₹1,200 crore investment

Real estate developer Omaxe Ltd. has announced a major expansion in Madhya Pradesh, with a 450-acre integrated township project along the Super Corridor in Indore. The project, to be developed through its subsidiaries, will involve an estimated investment of ₹1,200 crore and is expected to generate ₹2,500 crore in revenue over the next three years.

As per the company, the township, located in one of Indore’s fastest-growing zones, will include residential plots and housing clusters, commercial and retail zones, hospitality spaces, school and healthcare facilities, and public amenities. The development will be executed in multiple phases and funded primarily through internal accruals.

“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,” said Mohit Goel, Managing Director, Omaxe Ltd. “With over 2,500 families already residing in our other Indore townships, we are excited to strengthen our presence in this vibrant city.”

The layout is being planned as a self-sustained urban ecosystem with internal roads, power and water infrastructure, mobility paths, and 24x7 security.

Omaxe entered Madhya Pradesh in 2005 with its Omaxe City-1 township in Indore and currently holds a land bank of around 1,170 acres across Indore, Ujjain, and Ratlam. In Indore, it is developing Omaxe City-1 (330 acres), Omaxe City-2 (88.4 acres), Omaxe Hills (90 acres), Omaxe Pratham (50 acres), and the new 450-acre project. In Ujjain, the company has Omaxe City-1 (75 acres) and two proposed joint ventures—City-2 and City-3—each on 50 acres. In Ratlam, it is developing a 35-acre township.

The announcement comes amid rapid infrastructure growth in Madhya Pradesh. Indore recently became the first city in the state to launch metro rail services. Road and rail upgrades are also underway ahead of the 2028 Simhastha, including the redevelopment of Indore station, new tracks near Ujjain, and improved connectivity via the Indore-Ujjain expressway and Indore-Khandwa route.

Omaxe has delivered 15 projects in Madhya Pradesh and plans to complete two more in the upcoming quarter. The company recently announced a new integrated township in Amritsar as part of its broader expansion strategy.