WSB Invests in Omaxe for Tier II Expansion

WSB Partners, a real estate-focused investment firm, has invested Rs 750 million in Omaxe Group to support residential plotted developments in Ujjain and Indore.

The investment marks WSB’s entry into Tier II markets and reflects growing institutional interest in emerging cities supported by infrastructure growth, improving affordability and rising housing demand.

According to the companies, the funding will be deployed primarily as growth capital, with a portion allocated towards working capital and reserves. The investment has been undertaken alongside affiliates of WSB Partners and co-investors.

The projects are located in Ujjain and Indore, markets witnessing increased demand due to infrastructure development, improving connectivity and evolving urban ecosystems.

Rahul Rajendran, Principal – Investments, WSB Partners, said the investment reflects the firm’s conviction in Tier II and III markets where strong demand and infrastructure-led growth are creating long-term opportunities. He added that WSB is evaluating additional transactions with Omaxe in other emerging cities.

Mohit Goel, Managing Director, Omaxe Limited, said the investment enhances the company’s financial flexibility while supporting disciplined expansion across markets, demonstrating sustained demand.

Omaxe Group, a listed real estate developer, has a portfolio spanning residential, commercial, retail and township developments across North and Central India.

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