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.

BMW Ventures Secures Rs 249.83 Million (mn) Steel Orders

BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supp..

Housing Sales Dip in Top Eight Cities in Q2, Pune and Bengaluru Hit Hard

Housing sales across the top eight cities fell six point one per cent year-on-year to 91,729 units in the April-June quarter from 97,674 a year earlier, PropTiger’s Real Insight Residential report showed. The moderation reflected seasonal pre-monsoon effects and heightened buyer caution amid the US-Iran conflict. New launches rose six per cent to 89,161 units. The impact was concentrated in technology-driven markets, with Pune and Bengaluru among the hardest hit. Pune recorded the steepest annual decline at 20.8 per cent, with sales falling to 12,642 units, while Ahmedabad declined 20.2 per ..

India And ADB Sign US$230 Million Loan To Modernise Chennai Water

The Government of India and the Asian Development Bank (ADB) signed a US$230 million loan to modernise and expand water supply and sanitation infrastructure in Chennai. Saurabh Singh, Deputy Secretary, Department of Economic Affairs (DEA), signed on behalf of the Government of India and Mio Oka, Country Director of ADB’s India Resident Mission, signed for the lender. The engagement was guided by Baldeo Purushartha, Joint Secretary (ADB and Japan), DEA. The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation citywide w..