Alfavision Overseas (India) Limited has provided an update on its proposed racecourse-themed luxury integrated township project in Village Saras, Ichhawar, Madhya Pradesh. The project, with an estimated Gross Development Value (GDV) of approximately Rs. 2,250 crore, involves five-star hospitality, villas, resorts, and an adventure park. Discussions were held with the Hon’ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, who conveyed the government’s assurance of support.
Luxury Integrated Township Project Progress
Alfavision Overseas (India) Limited is advancing its ambitious luxury integrated township project, which is themed around a racecourse. This development is slated for land situated in Village Saras, Ichhawar, District Sehore, Madhya Pradesh. The comprehensive project is designed to include five-star hospitality facilities, luxury villas, resorts, wellness facilities, and an adventure park, alongside other allied activities.
Significant GDV and Government Support
The proposed township has an estimated Gross Development Value (GDV) of approximately Rs. 2,250 crore. During the “Madhya Pradesh Urban Growth Conclave 2.0” on October 28, 2026, discussions were held with the Hon’ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav. Representatives from Alfavision Overseas and Della Resort & Adventure Private Limited met with the Chief Minister. The Department of Urban Development and Housing, Government of Madhya Pradesh, expressed its assurance of support for the proposed project.
Project Scope and Economic Impact
Envisioned across approximately 220 acres, the development comprises crucial hospitality infrastructure, hotels, luxury villas, resorts, and wellness facilities, along with adventure tourism offerings. The project is expected to significantly contribute to tourism development, generate employment opportunities, and foster economic growth within the State of Madhya Pradesh. The company will provide further disclosures on material developments as they occur.
Source: BSE
