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• Omaxe has raised INR 75 crore from investment firm WSB Partners to support two residential plotted developments in Indore and Ujjain, Madhya Pradesh.
• The funding was disclosed through a regulatory filing made by the company in the past week.
• Omaxe said the capital would be used primarily as growth capital, while a portion would also be allocated towards working capital requirements and reserves.
• The investment is linked to the company’s plotted residential projects in the two cities, where demand for organised housing developments has remained active.
• Omaxe currently operates across multiple asset classes and has delivered more than 140 million sq ft of real estate across 31 cities in eight Indian states.
Omaxe has raised INR 75 crore from investment firm WSB Partners to fund two residential plotted developments in Indore and Ujjain, Madhya Pradesh, according to a regulatory filing made by the company in the past week. The capital infusion will support the expansion and execution of the company’s housing projects in the two cities. Advertisement
In its filing, Omaxe stated that WSB Partners had invested INR 75 crore in the group against the plotted residential developments planned in Indore and Ujjain. The company said the funds would primarily be utilised as growth capital while a portion would also be allocated towards working capital needs and reserves.
The investment comes at a time when several developers are increasing focus on plotted housing developments across Tier-II cities, supported by rising land demand, infrastructure expansion and growing preference for low-density residential formats. Indore and Ujjain have witnessed increasing real estate activity in recent years due to improving urban infrastructure and religious tourism-led economic growth.
Omaxe has been expanding its residential and integrated township portfolio across multiple states and cities. Established in 1987, the company has developed projects across residential, commercial and township segments and maintains operations in several northern and central Indian markets.
According to the company, it has delivered nearly 140.17 million sq ft of real estate development across 31 cities in eight states, including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand and Himachal Pradesh. The developer has a presence across housing, retail, commercial and mixed-use developments.
The latest funding transaction reflects continued interest from investment firms in residential real estate projects located outside the larger metropolitan markets, particularly in cities where land availability and infrastructure-led growth continue to support housing demand. Developers have increasingly explored structured funding arrangements and private capital partnerships to support project execution and maintain liquidity amid ongoing expansion plans.
With the additional capital support from WSB Partners, Omaxe is expected to advance construction and development activities for its plotted housing projects in Indore and Ujjain while strengthening its project pipeline in Madhya Pradesh.
Source - PTI
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