Real Estate: Omaxe Group Secures ₹75 Crore Funding for Indore, Ujjain Projects
Omaxe Group, a Delhi-based real estate developer, has secured ₹75 crore in funding from WSB Partners for its residential plotted developments in Indore and Ujjain.
Key Highlights:
- WSB Partners has invested ₹75 crore in Omaxe Group to fund residential plotted developments in Indore and Ujjain.
- The investment marks WSB Partners' entry into Tier II cities and will support Omaxe's plotted residential projects in Indore and Ujjain.
- The capital will be used for growth funding, working capital, and reserves.
Comment from WSB Partners:
“This investment, undertaken alongside affiliates of WSB Partners and co-investors, reinforces WSB’s continued focus on partnering with established developers to capitalise on opportunities, including those in high-growth Tier II and III markets. The strategy is anchored in strong execution capability, cashflow visibility, and disciplined structuring,” said WSB Partners.
Comment from Rahul Rajendran, Principal of Investments at WSB Partners:
“We focus on partnering with developers who bring execution strength and market depth. WSB is also exploring multiple transactions with Omaxe Group in other Tier II/III cities across the country,” said Rahul Rajendran.
Comment from Mohit Goel, Managing Director of Omaxe Group:
“We remain focused on disciplined expansion across markets where we see sustained demand. Tier II and III cities continue to present significant long-term opportunities, supported by infrastructure growth, improving connectivity, and rising aspiration-led demand,” said Mohit Goel.
About Omaxe Group:
Omaxe Group is a publicly listed developer with a portfolio spanning residential, commercial, retail, and integrated township projects across North and Central India.
Recent Projects:
- Omaxe Residences: A six-planned tower project in Lucknow, with three towers receiving RERA approval.
- The Grand Europe: A commercial SCO development in Faridabad, which was completely sold out.
Previous Funding:
Omaxe Group has previously secured funding of Rs. 500 crore from Oaktree Capital Management LP for developing its existing projects and future growth.