About Ricon Group | Ricon City

2000Year established

6Residential projects

2Hotels in portfolio

2Upcoming mega projects

Ricon City entrance gate on Khandwa Road

2000Established as
Ricon Impex Pvt. Ltd.

Our Story

Two decades of planned living around Indore

Ricon Group was registered in 2000 as Ricon Impex Pvt. Ltd. with a simple purpose — to give families a well-planned place to build their own home.

Our flagship township, Ricon City on Khandwa Road, brings together planned layouts, wide roads, a boating lake, landscaped gardens, a clubhouse and a Shiv temple. Over time, the group has grown into hospitality, retail and education.

Planned plotted layouts
Green, open spaces
Built for families
Transparent dealings

View Our Projects

Mission & Vision

What drives us

Our Mission

To create thoughtfully planned residential communities where families can build their own homes — surrounded by greenery, open spaces and good connectivity.

Our Vision

Plots | Homes | Brighter Future — to be the name Indore families trust when they take the first step towards a home of their own.

Our Journey

From one company to a growing group

The milestones that shaped Ricon Group.

Founded

Registered in 2000 as Ricon Impex Pvt. Ltd. in Indore.

Planned communities

Focus on planned plotted communities around Indore.

Ricon City

Five phases on Khandwa Road, plus Mayur City near Ujjain Road.

Group expansion

Hotels, retail and education projects under Ricon Group.

Our Values

What we stand for

The principles behind every Ricon project.

Trust & Planning

Thoughtfully designed layouts and clear information for every buyer.

Nature & Peace

Greenery, gardens, a lake and open spaces for a calmer lifestyle.

Family Living

Spaces where families build their own homes and memories.

Connectivity

Access to roads, educational institutions and nearby destinations.

Transparency

Documents, approvals and status shared openly with every buyer.

Honest Future Potential

Plots for your own home or long-term planning — no promised returns.

Group Portfolio

Beyond plots

Separate Ricon Group developments in hospitality, retail and education.

Concept

Radiant International School

Education concept

Classrooms, library, labs, canteen, sports facilities, swimming pool and kids’ play zone.

Hospitality

Mercure Hotel & Showroom

Rajiv Gandhi Square, Indore

Five-star hotel with 125 rooms, banquet hall, rooftop pool, terrace lounge and retail showroom.

Upcoming

Medalio Boutique Hotel

Near ISKCON Temple, Ujjain

Four-star boutique hotel with a rooftop pool and sky deck.

Upcoming

Ricon Shopping Village

35-acre retail concept

200+ outlets, boat club, flea market, food court, revolving restaurant, EV charging and co-working.

These are Ricon Group developments, not amenities inside Ricon City. Status and details as per the company presentation.

Aaj ka plot, kal ka apna ghar.

Visit Ricon City and choose your plot with confidence.