Omaxe Group has achieved major construction and financial milestones across two of its significant residential developments—The Lake in New Chandigarh and Omaxe Shiva (1, 2 & 3) in Prayagraj. The developer has also fully repaid the SWAMIH Fund facility used for last-mile construction, reinforcing its financial discipline and execution strength.
Projects Near Completion
The Lake, New Chandigarh
- Premium group housing
- Saleable area: 28 lakh sq. ft.
- Total units: 1,402
Omaxe Shiva, Shiva 2 & Shiva 3, Prayagraj
- Independent floors
- Saleable area: 5.6 lakh sq. ft.
- Total units: 304
Both projects received last-mile construction support from the SWAMIH Fund, with sanctioned amounts of:
- ₹168.80 crore for The Lake
- ₹60.40 crore for the Prayagraj developments
Full Repayment from Internal Cash Flows
Omaxe utilised only ₹70 crore from the sanctioned SWAMIH funding and has already repaid around ₹80 crore, entirely from internal project-generated cash flows. The repayment follows substantial completion across both project clusters and reflects the company’s:
- Strong sales momentum
- Healthy liquidity position
- Efficient capital allocation
- Customer-focused project delivery
Strengthening Financial Position
The successful closure of SWAMIH obligations further improves Omaxe’s financial stability and reduces leverage. The developer credited the Fund’s support for enabling timely last-mile execution and reaffirmed its commitment to transparent, responsible construction practices.
With these milestones, Omaxe continues to reinforce its reputation for execution reliability and customer trust across key markets.
Also Read: Omaxe Group Launches The Omaxe State with ₹2,500 Crore Investment
