Mumbai, July 8 -- Omaxe is set to develop a modern integrated township on this land, reinforcing its long-term commitment to India's Tier-II growth hubs.

The new project entails the development of a modern, integrated township aimed at supporting the rapid urban growth and infrastructure transformation of one of Indore's fastest-developing zones. The township will be executed in multiple phases with an estimated investment of Rs 1,200 crore, expected to generate Rs 2,500 crore in revenue over the next three years. The funding will primarily come from Omaxe's internal accruals, reflecting its disciplined financial approach.

Omaxe described the project as a strategic milestone reinforcing its long-term commitment to India's Tier-II growth...