India, May 19 -- Delhi-based real estate developer Omaxe Group has raised Rs.75 crore from WSB Partners to fund residential plotted developments in Indore and Ujjain.

In a regulatory filing on May 19, WSB Partner said the investment marks the company's entry into Tier II cities and will support Omaxe's plotted residential projects in Indore and Ujjain. The capital will primarily be used as growth funding, along with a portion allocated towards working capital and reserves, it said.

"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 strategy...