Omaxe Marks Major Construction Milestones in Chandigarh and Prayagraj; SWAMIH Facility Fully Repaid

 Omaxe Group, one of India’s leading real estate developers, today announced substantial completion and full repayment of the SWAMIH-funded facilities associated with two of its key developments—The Lake, New Chandigarh, and Omaxe Shiva, Shiva 2, and Shiva 3 in Prayagraj.

The Lake, New Chandigarh is a premium group housing development with a saleable area of 28,00,205 sq. ft., comprising 1,402 units. In Prayagraj, Omaxe Shiva, Shiva 2 and Shiva 3 collectively offer independent floors with a saleable area of 5,60,680 sq. ft., comprising 304 units. Both projects received last-mile credit facilities from the Special Window for Affordable and Mid-Income Housing (SWAMIH), amounting to ₹168.80 crore for development of The Lake, New Chandigarh  and ₹60.40 crore for development of Omaxe Shiva, Shiva 2, and Shiva 3 in Prayagraj.

Against the total sanctioned amount, Omaxe Group prudently utilised and drew 70 cores only as part disbursement, which the company has fully repaid around 80 crore, underscoring its focus on efficient capital deployment, strong internal cash flow generation, and disciplined project execution. With construction now substantially complete across both developments, Omaxe has fully repaid the utilised SWAMIH facility, entirely from internal project cash flows. This milestone reflects the Group’s operational robustness, healthy sales traction, and commitment to responsible, customer-centric development.

Omaxe Group expressed its appreciation to the SWAMIH Investment Fund for its partnership and support, which helped accelerate last-mile construction and ensure timely progress for homebuyers. The company reaffirmed its dedication to delivering high-quality residential environments backed by strong financial governance and transparent execution.

Mr. Mohit Goel, Managing Director, Omaxe Ltd., “Our association with the SWAMIH Fund has been instrumental in advancing these projects to completion. We deeply appreciate their support and partnership. The full repayment of the facility—entirely through internal cash flows—reaffirms Omaxe’s commitment to financial discipline, timely delivery, and responsible development. As we progress, we remain focused on creating high-quality living environments and delivering sustained value for all our stakeholders.”

Mr. Atul Banshal, Director – Finance & Group CFO, Omaxe Ltd., “We are pleased to have fully repaid our obligations to the SWAMIH Fund, reflecting our strong liquidity, prudent financial planning, and the robust performance of these projects. Their support has been valuable in enabling last-mile execution. This milestone further strengthens our financial position and aligns with our ongoing efforts to enhance resilience, reduce leverage, and support the company’s long-term growth trajectory.”

This progress reflects Omaxe’s unwavering focus on disciplined execution and customer trust, further elevating its reputation for delivering high-quality developments. The company remains dedicated to advancing its projects with consistency, transparency, and a continued emphasis on customer-centric growth.

About Omaxe

Founded in 1987 by visionary entrepreneur Mr. Rohtaas Goel, Omaxe Ltd. has emerged as one of India’s most trusted real estate brands. Listed on both the NSE and BSE in 2007, Omaxe delivered approximately 140.17 million sq. ft. of real estate across 31 cities in 8 states, including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand, and Himachal Pradesh. Its diverse portfolio spanned residential, commercial, and integrated township projects. With over three decades of experience, the company has consistently focused on delivering high-quality developments that cater to the evolving needs of urban India.

Omaxe played a key role in transforming urban landscapes with iconic projects like Omaxe New Chandigarh Township, World Street in Faridabad, Omaxe Chowk in Delhi’s Chandni Chowk, and Royal Residency in Ludhiana. The company is also developing The Omaxe State in Dwarka, a cutting-edge mixed-use destination featuring retail, hospitality, sports, and entertainment. With a robust land bank, innovative designs, and a vision for creating vibrant communities, Omaxe gained the trust of millions of customers and investors. The company continued to set benchmarks in the real estate industry, solidifying its position as a leader in shaping the future of urban India.

For more information: https://www.omaxe.com/