Alfavision Overseas (India) Limited provided an update on its proposed racecourse-themed luxury integrated township project in Madhya Pradesh. The project, on approximately 220 acres with an estimated Gross Development Value (GDV) of ₹2,250 crore, is progressing. Discussions were held with the Hon’ble Chief Minister of Madhya Pradesh and relevant departments, who conveyed assurance of support. The development will include hospitality, villas, resorts, and wellness facilities, contributing to regional tourism and employment.
Madhya Pradesh Township Project Update
Alfavision Overseas (India) Limited has issued an update regarding its significant integrated township development project. This project, which is themed around a racecourse and includes luxury hospitality, villas, resorts, and wellness facilities, is planned on approximately 220 acres of land in Village Saras, Ichhawar, District Sehore, Madhya Pradesh. The estimated Gross Development Value (GDV) for this ambitious undertaking is approximately ₹2,250 crore.
Government Engagement and Support
During the “Madhya Pradesh Urban Growth Conclave 2.0” held on 28th October 2026, key discussions took place. Mr. Jimmy Mistry, Founder & Chairman and Managing Director of Della Townships, and Mr. Vishnu Prasad Goyal, Chairman and Managing Director of Alfavision Overseas (India) Limited, met with the Hon’ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav. The Department of Urban Development and Housing, Government of Madhya Pradesh, expressed its assurance of support for the proposed project, subject to all necessary approvals and formalities.
Project Scope and Economic Impact
The development envisions a comprehensive range of facilities, including hospitality infrastructure, hotels, luxury villas, resorts, wellness facilities, and adventure tourism amenities. Alfavision Overseas anticipates that this project will play a vital role in fostering tourism development, generating employment opportunities, and driving economic growth within the State of Madhya Pradesh. The company will provide further disclosures on definitive agreements, approvals, and commencement of development as they become applicable.
Source: BSE
