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Omaxe Group has fully repaid more than INR 700 crore owed to Samman Capital (formerly Indiabulls Housing Finance) ahead of schedule, using cash flows generated from its projects. The funding facility had supported developments in Lucknow, Faridabad, New Chandigarh and other cities. With the debt now closed, Omaxe said the move strengthens its balance sheet and aligns with its strategy to reduce leverage and improve capital efficiency. MD Mohit Goel and CFO Atul Banshal noted that the early repayment reflects disciplined financial management and the value of the partnership in advancing key projects. The milestone follows strong sales, new capital inflows and steady progress across Omaxe's residential and mixed-use portfolio.
Omaxe Group announced that it had repaid its entire outstanding debt of more than INR 700 crore to Samman Capital (formerly Indiabulls Housing Finance) ahead of the agreed schedule. The repayment was made from project-generated cash flows, reinforcing the company's emphasis on disciplined financial management and ongoing balance sheet strengthening. Advertisement
The funding partnership had supported the development of several prominent projects in Lucknow, Faridabad, New Chandigarh and other major cities. With the facility now closed, Omaxe continues to advance its strategy of reducing leverage and improving capital efficiency, positioning itself for stable, long-term expansion.
Mohit Goel, Managing Director of Omaxe Ltd., noted that the support from Samman Capital had been instrumental in enabling project execution and regional growth. He said the early repayment reflected the firm's commitment to timely obligations and responsible cash flow planning, adding that the strengthened balance sheet placed Omaxe in a favourable position for upcoming developments.
Atul Banshal, Director - Finance and Group CFO, stated that the company was pleased to discharge its obligations well before maturity. He mentioned that the collaboration had played a valuable role in supporting Omaxe's development pipeline, and the timely closure aligned with the company's ongoing initiatives to enhance liquidity, reduce debt and reinforce financial robustness.
This milestone adds to a series of recent achievements for the developer, including fresh capital inflows, strong sales performance and steady progress across residential and mixed-use projects in northern and central India. The company remains focused on accelerating construction, strengthening its financial position and exploring new partnerships to support its next phase of growth.
Source: Omaxe Press Bureau
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