Synopsis:
Omaxe Ltd has announced a major expansion in Indore with a new 450 acre integrated township, with an estimated investment of Rs. 1,200 crore targeting Rs. 2,500 crore in revenue over the next three years.
A well-known real estate player is making bold moves in one of India’s fastest-growing Tier-II cities, rolling out a major expansion that reflects its long-term vision for building smarter, more livable spaces. This step is part of the company’s broader push to strengthen its presence in high-potential regional markets through thoughtfully planned, large-scale townships.
The company in focus is Omaxe Ltd, currently valued at a market capitalization of Rs. 1,919 crore. The stock opened today at Rs. 103, up from its previous close of Rs. 102.26, and climbed to an intraday high of Rs. 106.59, reflecting a 4.23 percent gain as markets responded positively to the company’s latest announcement.
What’s the news?
Omaxe has acquired a 450-acre land parcel along the Super Corridor in Indore, where it plans to develop a modern integrated township with an estimated investment of Rs. 1,200 crore. The project will be rolled out in multiple phases and is expected to generate Rs. 2,500 crore in revenue over the next three years. The expansion will be funded through internal accruals, in line with the company’s disciplined financial strategy.
The township will feature a combination of high-quality residential, commercial, educational, and healthcare infrastructure. The project is designed as a self-sustained ecosystem with modern infrastructure and green mobility.
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This marks a significant step forward for Omaxe, which has already established a strong footprint in Madhya Pradesh since entering the market in 2005. With over 2,500 families already residing in its Indore developments, the company is building on its legacy with this new venture. In MP alone, Omaxe has a land bank of approximately 1,170 acres, and is actively developing across Indore, Ujjain, and Ratlam, with projects like Omaxe City-1 (330 acres), Omaxe City-2 (88.4 acres), Omaxe Hills (90 acres), Omaxe Pratham (50 acres) and the newly announced Super Corridor township (450 acres).
The company has delivered 15 projects in the state, with two more scheduled for completion in the next quarter. This announcement also follows the company’s recent township launch in Amritsar.
Financially, Revenue from Operations increased by 87.2 percent from Rs. 289 crore in December 2024 to Rs. 541 crore in March 2025, while net cash flow turned positive, rising from Rs. -1 crore to Rs. 111 crore. Fixed assets grew by 7.3 percent from Rs. 565 crore in March 2024 to Rs. 606 crore in March 2025, reflecting continued investment in project development. The company also improved its debtor days, reducing from 81 days in March 2024 to 73 days in March 2025. Omaxe’s credit rating stands at IVR BB+ / Stable by Infomerics Valuation and Rating Limited.
Founded in 1987 by first-generation entrepreneur Mr. Rohtas Goel, Omaxe Ltd began as a construction firm before expanding into real estate in 2001. Listed on the BSE and NSE since 2007, Omaxe is now one of India’s most trusted developers, with over 135 million sq. ft. delivered across 30 cities in 8 states of North and Central India . Its diverse portfolio includes townships, offices, malls, and high-street projects across both luxury and affordable segments.
Written by – Manan Gangwar
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