Omaxe marks major construction milestones in Chandigarh and Prayagraj, SWAMIH Facility Fully Repaid

Omaxe Group, one of India's leading real estate developers, today 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 utilized 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 utilized SWAMIH facility, entirely from internal project cash flows. This milestone reflects the Group's operational robustness, healthy sales traction, and commitment to responsible, customer-centric development.

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. Omaxe reaffirmed its dedication to delivering high-quality residential environments backed by strong financial governance and transparent execution.

Omaxe association with the SWAMIH Fund has been instrumental in advancing these projects to completion. Omaxe appreciates 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. With progress, Omaxe remain focused on creating high-quality living environments and delivering sustained value for all the stakeholders.

Omaxe is pleased to have fully repaid our obligations to the SWAMIH Fund, reflecting its strong liquidity, prudent financial planning, and the robust performance of these projects. The support of SWAMIH Fund has been valuable in enabling lastmile execution. This milestone further strengthens Omaxe financial position and aligns with its ongoing efforts to enhance resilience, reduce leverage, and support the company's long-term growth trajectory."

This progress reflects Omaxe's unwavering focus on disciplined execution and customer trust, further elevating its reputation for delivering high-quality developments. The company remains dedicated to advancing its projects with consistency, transparency, and a continued emphasis on customer-centric growth.

Shares of Omaxe Limited was last trading in BSE at Rs. 69.04 as compared to the previous close of Rs. 69.17. The total number of shares traded during the day was 2180 in over 40 trades.

The stock hit an intraday high of Rs. 69.54 and intraday low of 68.20. The net turnover during the day was Rs. 150696.00.

Source : Equity Bulls

Keywords

Omaxe INE800H01010 Realty ConstructionMilestone