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

Omaxe Group, one of India’s leading real estate developers, 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 received last-mile credit facilities from the Special Window for Affordable and Mid-Income Housing (SWAMIH). Omaxe prudently utilized and drew 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.