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

New Delhi, December 3, 2025: Real estate developer Omaxe Group has 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 drawn only part disbursement, 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.

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.

Omaxe Managing Director Mohit Goel said: “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.”

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.”