December 2nd 2025.
In a recent development, the esteemed real estate company Omaxe Group announced that it has successfully cleared its debt of Rs 80 crore, which includes the interest amount, to the government-backed stress fund SWAMIH. The company released a statement on Tuesday stating that they have made full repayment of the loans taken from the SWAMIH fund for two of their projects in New Chandigarh and Prayagraj.
The Omaxe Group has been making significant progress in terms of growth and finance. Their current market capitalization stands at a whopping 1,302.25 crore. The two projects in question are 'The Lake' in New Chandigarh, known for its premium housing, and 'Omaxe Shiva' in Prayagraj, which offers independent floors. Both these projects have received a significant boost from the SWAMIH funding, which sanctioned Rs 168.80 crore for 'The Lake' and Rs 60.40 crore for 'Omaxe Shiva, Shiva 2, and Shiva 3' project in Prayagraj. However, the company has drawn only Rs 70 crore from the sanctioned amount and has now repaid around 80 crore, including the interest.
Currently, Omaxe is working on two major developments - a group housing project with 1,402 units in New Chandigarh and a project in Prayagraj with 304 independent floors. Mohit Goel, the Managing Director at Omaxe Ltd, expressed his gratitude towards the SWAMIH fund, stating that their association has been instrumental in advancing these projects to completion. He further added that the full repayment of the loan, solely through internal cash flows, showcases Omaxe's commitment to financial discipline, timely delivery, and responsible development.
Omaxe is a reputable real estate giant known for its quality projects and timely deliveries. The company has a strong presence in 31 cities across eight states, including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand, and Himachal Pradesh. With an impressive track record of delivering 140.17 million sq ft, Omaxe stands as one of the leading real estate developers in the country. It is worth noting that this story is from a syndicated feed and the only thing that has changed is the headline.
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