In a major confidence-boosting development for India’s real estate sector, Omaxe Group has fully repaid its ₹700+ crore debt to Samman Capital (formerly Indiabulls Housing Finance) ahead of schedule, marking one of the company’s strongest financial milestones in recent years.
The repayment—made entirely through cash flows from ongoing projects—signals renewed financial discipline, robust liquidity, and a sharper balance sheet for the developer.
Early Repayment Strengthens Omaxe’s Balance Sheet
Omaxe said the repayment was part of its broader deleveraging strategy aimed at improving financial agility and preparing for its next phase of growth.
The facility from Samman Capital had helped Omaxe execute several major developments in Lucknow, Faridabad, New Chandigarh, and other key markets. Closing this exposure ahead of maturity underscores the company’s improved operational performance and efficient cash management.
Management Speaks: “A Reflection of Trust & Disciplined Execution”
Mohit Goel, Managing Director, Omaxe Ltd, said the long-standing partnership with Samman Capital was critical in fueling expansion across multiple markets.
“This early repayment reaffirms Omaxe’s commitment to timely repayments and sustainable financial management. With our balance sheet further strengthened, we are well-positioned to continue delivering high-quality developments and value for all stakeholders.”
Atul Bansal, Director – Finance & Group CFO, highlighted that the repayment was completed well before the due date:
“This milestone reflects our ongoing efforts to improve liquidity, reduce leverage, and strengthen financial resilience. We extend our gratitude to Samman Capital for their support.”
Part of a Larger Turnaround Play
The successful repayment follows a series of positive developments for Omaxe, including:
- fresh capital infusion,
- strong quarter-on-quarter sales momentum,
- accelerated delivery across residential and mixed-use projects.
The company aims to maintain its deleveraging trajectory while pursuing new strategic collaborations that can support expansion across north and central India.
Also Read: Omaxe Group Launches The Omaxe State with ₹2,500 Crore Investment
