Real estate developer Omaxe Ltd has acquired 450 acres of land in Indore, Madhya Pradesh, to develop an integrated township, marking a significant expansion into Tier-II cities. The project will involve an investment of Rs 12 billion and is expected to generate revenue of around Rs 25 billion over the next three years.

In a regulatory filing on Tuesday, the company announced its plans to expand operations in Madhya Pradesh with this acquisition. The development will be carried out in multiple phases and financed through internal accruals.

The planned township will feature residential plots, housing clusters, commercial and retail spaces, hospitality offerings, a school, and healthcare facilities. Omaxe first entered the Madhya Pradesh market in 2005 and has since delivered 15 projects in the state.

Over the past two decades, the company has built a strong presence in Indore, Ujjain, and Ratlam, amassing a land bank of approximately 1,170 acres. It has completed and is currently developing township projects across these cities.

Omaxe, one of India’s leading real estate firms, has established a footprint in 30 cities across eight states in North and Central India. Since its inception, the company has delivered more than 135 million square feet of developed area.