Mumbai, 19 May, 2026: WSB Partners, a real estate-focused investment firm, has forayed into tier II markets with a ₹75 crore investment in Omaxe Group. The funding is against residential plotted projects in Ujjain and Indore; two high-growth Tier IImarkets benefiting from strong demand fundamentals and ongoing infrastructure development.
Tier II and III cities are increasingly attracting institutional capital, driven by a combination of rising incomes, improving affordability, and significant infrastructure investments. Expanding industrial and spiritual corridors, enhanced connectivity, andevolving 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, undertaken alongside affiliates of WSB Partners and co-investors, reinforces WSB’s continued focus on partnering with established developers to capitalise on opportunities, including those in high-growth Tier II and III markets. The strategyis anchored in strong execution capability, cashflow visibility, and disciplined structuring.
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 indelivering large-scale projects across multiple cities.
Commenting on the investment, 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 executionstrength and market depth. WSB is also exploring multiple transactions with Omaxe Group in other Tier II/III cities across the country.”
Mr. Mohit Goel, Managing Director, Omaxe Limited, said, “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 disciplinedexpansion 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.”
