New Delhi: WSB Partners, a real estate-focused investment firm, has invested Rs 75 crore in Omaxe Group for residential plotted projects in Ujjain and Indore.
Tier II and III cities are increasingly attracting institutional capital, driven by a combination of rising incomes, improving affordability, and significant infrastructure investments.
Also read: In India's retail blitz, luxury spaces miss out big
Expanding industrial and spiritual corridors, enhanced connectivity, and evolving social infrastructure are creating self-sustaining local economies, while relatively lower real estate prices and limited supply of branded developments are accelerating end-user demand and absorption.
The capital will be primarily utilised as growth capital, alongside a portion allocated toward working capital and reserves.
“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,” said Rahul Rajendran, Principal - Investments, WSB Partners.
Also read: Karyan Group launches luxury project worth Rs 900 crore in Ghaziabad
Omaxe Group is a publicly listed real estate developer with a diversified portfolio spanning residential, commercial, retail, and integrated township developments. With a strong presence across North and Central India, the company has built a track record in delivering large-scale projects across multiple cities.
“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,” said Mohit Goel, Managing Director, Omaxe Limited.
Tier II and III cities are increasingly attracting institutional capital, driven by a combination of rising incomes, improving affordability, and significant infrastructure investments.
Also read: In India's retail blitz, luxury spaces miss out big
Expanding industrial and spiritual corridors, enhanced connectivity, and evolving social infrastructure are creating self-sustaining local economies, while relatively lower real estate prices and limited supply of branded developments are accelerating end-user demand and absorption.
The capital will be primarily utilised as growth capital, alongside a portion allocated toward working capital and reserves.
“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,” said Rahul Rajendran, Principal - Investments, WSB Partners.
Also read: Karyan Group launches luxury project worth Rs 900 crore in Ghaziabad
Omaxe Group is a publicly listed real estate developer with a diversified portfolio spanning residential, commercial, retail, and integrated township developments. With a strong presence across North and Central India, the company has built a track record in delivering large-scale projects across multiple cities.
“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,” said Mohit Goel, Managing Director, Omaxe Limited.
