Omaxe Prayagraj Archives - Square Feat India https://squarefeatindia.com/tag/omaxe-prayagraj/ Real Estate News Website Wed, 03 Dec 2025 06:46:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png Omaxe Prayagraj Archives - Square Feat India https://squarefeatindia.com/tag/omaxe-prayagraj/ 32 32 Omaxe Completes Key Projects in Chandigarh & Prayagraj, Fully Repays SWAMIH Funding https://squarefeatindia.com/omaxe-completes-key-projects-in-chandigarh-prayagraj-fully-repays-swamih-funding/ Wed, 03 Dec 2025 06:46:58 +0000 https://squarefeatindia.com/?p=11082 Omaxe Group has completed major construction milestones in New Chandigarh and Prayagraj while fully repaying the SWAMIH Fund from internal cash flows. The achievement underscores the developer’s financial discipline, strong sales performance, and commitment to timely project execution.

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]]> 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

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