Omaxe Secures Rs 5 Billion From Oaktree For Expansion

01 Aug 2025 CW Team

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.

In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indore.

According to Omaxe, the investment will strengthen its financial core, expedite project delivery timelines across residential, commercial, and public-private partnership (PPP) ventures, and reduce its reliance on market-linked funding.

“This partnership with Oaktree marks an important milestone in Omaxe’s growth journey,” said Mohit Goel, Managing Director of Omaxe Ltd. “The confidence shown by a global investor like Oaktree is a reflection of our delivery record and long-term vision.”

Atul Banshal, Director - Finance, noted that the company has repaid net principal debt of Rs 12.85 billion over the last two financial years, reducing net debt to Rs 3 billion. He added that most of the newly raised funds will be used for faster execution and to explore new opportunities in select markets. Omaxe recorded sales of over Rs 30 billion in FY25.

Separately, the company announced earlier on 28 July that its subsidiary, Omaxe New Chandigarh Developers Pvt Ltd, has raised Rs 4.31 billion through a private placement of 43,100 non-convertible debentures (NCDs), each valued at Rs 1 lakh. This capital will also support business expansion efforts.

The combined funding initiatives underline Omaxe’s continued efforts to strengthen its balance sheet and drive growth in India's evolving real estate landscape.

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