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Hindustan Times
28-07-2025
- Business
- Hindustan Times
Omaxe Group secures ₹500 crore funding from Oaktree
Omaxe Group has secured funding of Rs. 500 crore from Oaktree Capital Management LP, a global investment manager specializing in alternative investments, for developing its existing projects and future growth. Omaxe Group has secured funding of Rs. 500 crore from Oaktree Capital Management LP, a global investment manager specializing in alternative investments. (Photo for representational purposes only)(Unsplash) In a regulatory filing on July 28, the company informed that it has raised ₹500 crore from funds managed by Oaktree Capital Management L P (Oaktree). It will provide growth capital for Omaxe's ongoing projects across key markets such as New Chandigarh, Lucknow, Ludhiana, and Faridabad, along with flagship developments like Omaxe state in Dwarka, the upcoming integrated township in Amritsar, and a new township project in Indore, to name a few, the company said. The funding will strengthen the company's core and accelerate delivery timelines for residential, commercial, and public-private partnership (PPP) developments, including its infrastructure, commercial, and residential projects, it said. 'This partnership with Oaktree marks an important milestone in Omaxe's growth journey. The confidence that a global investor like Oaktree places in our business is a reflection of the strength of our delivery record and our long-term vision. This Fund infusion enables us to move faster on construction, reduce market dependence, and strategically invest in new opportunities that align with our core markets,' said Mohit Goel, Managing Director, Omaxe Ltd. 'We have taken meaningful steps to strengthen our balance sheet and improve financial flexibility in the last few years, repaying significant debt while delivering consistent sales growth and creating easily monetisable projects funnel. With no immediate liability to repay, most of the funds would be used for faster execution and create additional headroom to explore expansion in select markets. We would like to thank team Oaktree, for partnering with us in this growth journey,' said Atul Banshal, director, finance, Omaxe Ltd. In the last two financial years, Omaxe has repaid net Rs. 1285 crore to lenders as principal payment, reducing overall net debt to ₹300 crore. The company sold properties over Rs. 3000 crore in FY25. Earlier on July 28, Omaxe said it has raised ₹431 crore through the issue of debentures on a private placement basis for business growth. The company informed that its subsidiary, Omaxe New Chandigarh Developers Pvt Ltd, has raised ₹431 crore by issuance and allotment of 43,100 non-convertible debentures (NCDs) of face value ₹1 lakh each through a private placement basis.
Time of India
28-07-2025
- Business
- Time of India
Omaxe Group secures ₹500 crore funding from Oaktree
NEW DELHI: Omaxe Group has secured funding of ₹500 crore from funds managed by Oaktree Capital Management L.P. (Oaktree). The funding will accelerate delivery timelines for residential, commercial, and public-private partnership (PPP) developments, including its infrastructure, commercial, and residential projects. It will also provide growth capital for the company's ongoing projects. "This fund infusion enables us to move faster on construction, reduce market dependence, and strategically invest in new opportunities that align with our core markets," said Mohit Goel , managing director of the company. Atul Banshal , director (Finance) of the company said, "We have taken meaningful steps to strengthen our balance sheet and improve financial flexibility in the last few years, repaying significant debt while delivering consistent sales growth and creating easily monetisable projects funnel. With no immediate liability to repay, most of the funds would be used for faster execution and create additional headroom to explore expansion in select markets." In the last two financial years, the company has repaid net ₹1,285 crore to lenders as principal payment, reducing overall net debt to ₹300 crore. In a separate regulatory filing, the company informed that Omaxe New Chandigarh Developers, a wholly-owned subsidiary of the company, has successfully raised ₹431 crore by issuance and allotment of 43,100 unlisted, senior, secured, redeemable non-convertible debentures (NCDs) of face value ₹1 lakh each through private placement. The funds have been raised from OCM India Opportunities XII Alternate Investment Fund Scheme I.
News18
28-07-2025
- Business
- News18
Omaxe Secures Rs 500 Crore Funding From Oaktree To Speed Up Project Delivery
Omaxe Group secured Rs. 500 crore from Oaktree Capital to boost project delivery in New Chandigarh, Lucknow, and Faridabad. Omaxe Group has secured Funding of Rs. 500 crore from funds managed by Oaktree Capital Management L.P. ('Oaktree), a Leader among global investment managers specializing in alternative investments. The funding will strengthen the company's core and accelerate delivery timelines for residential, commercial, and public-private partnership (PPP) developments, including its infrastructure, commercial, and residential projects. It will also provide growth capital for Omaxe's ongoing projects across key markets such as New Chandigarh, Lucknow, Ludhiana, and Faridabad, along with flagship developments like Omaxe State in Dwarka, the upcoming integrated township in Amritsar, and a new township project in Indore, to name a few. 'This partnership with Oaktree marks an important milestone in Omaxe's growth journey. The confidence that a global investor like Oaktree places in our business is a reflection of the strength of our delivery record and our long-term vision. This Fund infusion enables us to move faster on construction, reduce Market Dependence, and strategically invest in new opportunities that align with our core markets. We believe this partnership will enable us to enhance our geographical presence in many more growth cities, multiplying value for both of us." said Mr. Mohit Goel, Managing Director, Omaxe Ltd. In the last two financial years, Omaxe has repaid net Rs. 1285 crore to lenders as principal payment, reducing overall net debt to Rs 300 Crores. The company sold properties over Rs. 3000 crore in FY25, further demonstrating its operational momentum and ability to generate strong cash flows. Omaxe has delivered over 140.17 million sq. ft. of real estate and construction contracting projects to date as of March 31, 2025, with presence in 8 states and 31 cities. Its portfolio includes integrated townships, group housing, shopping malls, office spaces, and infrastructure-led developments, with a focus on timely delivery and long-term value creation for customers and investors alike. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
08-07-2025
- Business
- Time of India
Omaxe buys 450-acre land in Indore, to invest Rs 1,200 crore
Realty developer Omaxe Ltd has acquired 450-acre land in Indore to develop an integrated township with an investment of Rs 1,200 crore. The company is expected to generate Rs 2,500 crore in revenue over the next three years. Funding will be secured primarily through internal accruals, in line with Omaxe's financial approach. 'We have consistently believed in the long-term growth potential of cities like Indore, and this township is designed to be a future-ready ecosystem, combining high-quality residential, commercial, educational, and healthcare infrastructure,' said Mohit Goel, Managing Director, Omaxe Ltd. The upcoming township will feature a mix of residential plots and housing clusters, commercial and retail zones, hospitality spaces, school and healthcare facilities and parks, green belts, and integrated public amenities. Omaxe first entered the Madhya Pradesh market in 2005 with its integrated township Omaxe City-1 in Indore. Over the past two decades, the company has built a foundation in the state across Indore, Ujjain, and Ratlam, with a land bank of approximately 1170 acres. In Indore, the company has developed OmaxeCity-1 (330 acres), Omaxe City-2 (88.4 acres), Omaxe Hills (90 acres), Omaxe Pratham (50 acres )and the newly announced township on the Super Corridor (450 acres). In Ujjain, its presence includes Omaxe City-1 (75 acres) and two proposed joint venture projects, Omaxe City-2 and City-3, each spread across 50 acres. In Ratlam, Omaxe is developing Omaxe City in over 35 acres. With 15 projects already delivered in the state and two more scheduled for completion in the next quarter, Omaxe continues to focus on timely execution and community-building across its portfolio.
Fashion Value Chain
18-06-2025
- Business
- Fashion Value Chain
Lucknow Drives Tier-2 Realty Boom with 48% Sales Growth
India's Tier-2 cities are emerging as powerful growth hubs in real estate, driven by infrastructure upgrades, affordability, and evolving lifestyle demands. Defying a broader slowdown, Lucknow recorded a remarkable 48% jump in property sales value and a 25% increase in residential units sold, according to a PropEquity report. The city's transformation is underpinned by modern infrastructure, private sector responsiveness, and an expanding middle class seeking better urban living. Alongside Lucknow, Western cities like Ahmedabad, Surat, and Gandhinagar contributed to 79% of units sold and 74% of sales value. Other capitals—Jaipur, Bhubaneswar, Goa, and Bhopal—also showed healthy growth, jointly accounting for 30% of total revenue. Lucknow's real estate momentum is fueled by major infrastructure projects such as the Purvanchal Expressway, Outer Ring Road, and the expanding metro network. These efforts, combined with initiatives like AMRUT and Smart City Mission, are reshaping the city's urban fabric and improving its liveability. The city's realty value climbed to ₹1,797 crore with 1,301 units sold, the highest in Tier-2 cities. Developers are seizing this moment, investing in planned urban corridors and premium micro-markets like Gomti Nagar Extension, Shaheed Path, and Raebareli Road. These zones are seeing rapid price appreciation: Gomti Nagar Extension: 1.7× rise in 10 years, projected 1.9× by 2035 Shaheed Path: 2.4× rise in 10 years, projected 3.0× by 2035 Raebareli Road: 3.5× rise in 10 years, projected 3.4× by 2035 Real estate leaders including Mohit Goel (Omaxe Group), Yash Miglani (Migsun Group), and Neeraj Sharma (Escon Infra Realtors) agree that Lucknow is not just growing—it's setting the benchmark for Tier-2 urban development. Infrastructure, lifestyle appeal, and smart planning are transforming it into a long-term investment hotspot. As demand rises for quality housing and infrastructure keeps pace, Lucknow is redefining Tier-2 city potential, offering both end users and investors a future-ready, high-return market.
