450 acre land acquired by Omaxe in Indore
Real estate developer Omaxe Ltd has acquired 450 acres of land in Indore. The firm plans to develop an integrated township with an investment of Rs 1,200 crore on the land. The proposed project is expected to generate Rs 2,500 crore in revenue over 3 years.
The project would be funded through internal accruals and would feature residential, commercial, educational, and healthcare facilities.
Also Read: Omaxe group plans new township in Amritsar, to invest Rs 1,000 crore