India, July 28 -- 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.

In a regulatory filing on July 28, the company informed that it has raised Rs.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...