Omaxe Group has announced substantial completion and full repayment of the SWAMIH-funded facilities for two key developments – The Lake, New Chandigarh, and Omaxe Shiva, Shiva 2, and Shiva 3 in Prayagraj. The company has fully repaid ₹80 crore, utilising only ₹70 crore of the sanctioned ₹229.20 crore facility as per a press release.
The Lake, New Chandigarh, is a premium group housing development with 1,402 units, while Omaxe Shiva, Shiva 2, and Shiva 3 in Prayagraj offer 304 independent floors. Omaxe utilised internal project cash flows for repayment, showcasing strong financial discipline and operational robustness.
“Our association with the SWAMIH Fund has been instrumental in advancing these projects to completion,” said Mohit Goel, Managing Director, Omaxe Ltd. “We remain focused on creating high-quality living environments and delivering sustained value for stakeholders.”
Atul Banshal, Director – Finance & Group CFO, Omaxe Ltd., added, “This milestone reflects our strong liquidity, prudent financial planning, and robust project performance, further strengthening our financial position.”
