Mumbai: WSB Partners has announced a ₹75 crore investment in Omaxe Limited, marking its entry into Tier II real estate markets through residential plotted developments in Ujjain and Indore.
The investment is being directed towards residential plotted projects in the two cities, which are witnessing increasing demand driven by infrastructure growth and expanding regional development.
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According to the company, Tier II and III cities are increasingly attracting institutional investments due to rising incomes, improved affordability, stronger connectivity, and evolving social infrastructure. Industry observers note that infrastructure-led growth, expanding industrial and spiritual corridors, and comparatively affordable real estate prices are supporting end-user demand across emerging urban centres.
The capital raised will primarily be utilised as growth capital, while a portion will also be allocated towards working capital requirements and reserve management.
The transaction was undertaken alongside affiliates of WSB Partners and co-investors, reflecting the investment firm’s broader strategy of partnering with established developers in high-growth emerging markets.
Rahul Rajendran, Principal – Investments, WSB Partners, said, “This investment reflects our growing conviction in Tier II and III markets, where we see strong underlying demand supported by infrastructure development and improving affordability. 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.”
Mohit Goel, Managing Director, Omaxe Limited, stated, “We are pleased to partner with WSB Partners. This investment strengthens our ability to pursue growth opportunities while maintaining financial flexibility. 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.”
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Omaxe Limited is a publicly listed real estate developer with projects spanning residential, commercial, retail, and integrated township developments across North and Central India.
