NEW DELHI: Realty firm Omaxe Group has repaid ₹80 crore in loans, including interest, to the government-backed stress fund, SWAMIH.
Omaxe announced on Tuesday that it had fully repaid the loans secured from the SWAMIH fund for projects in New Chandigarh and Prayagraj.
The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had approved ₹168.80 crore for ‘The Lake’ project in New Chandigarh and ₹60.40 crore for the ‘Omaxe Shiva’ series in Prayagraj.
Omaxe stated that against the total sanctioned amount, it only drew ₹70 crore but repaid approximately ₹80 crore, including interest.
In New Chandigarh, Omaxe is working on a group housing project with 1,402 units, while in Prayagraj, it is constructing 304 units with independent floors.
“Our partnership with the SWAMIH fund has played a crucial role in moving these projects toward completion. The full repayment—entirely funded through internal cash flows—demonstrates Omaxe’s dedication to financial discipline, timely delivery, and responsible development,” said Mohit Goel, Managing Director of Omaxe Ltd.
Omaxe is one of India’s leading real estate developers, having delivered approximately 140.17 million sq ft across 31 cities in eight states: Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand, and Himachal Pradesh.
