India, Dec. 2 -- Omaxe Group said on December 2 that it has repaid around Rs.80 crore in loans taken from the government-backed SWAMIH stress fund for two of its projects in New Chandigarh and Prayagraj. The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had sanctioned Rs.168.80 crore for the 'The Lake' project in New Chandigarh and Rs.60.40 crore for the 'Omaxe Shiva, Shiva 2, and Shiva 3' project in Prayagraj, the company said.

Against the total sanctioned amount, Omaxe Group said it drew only Rs.70 crore. The company repaid around 80 crore, including interest.

The Lake, New Chandigarh is a premium group housing development with a saleable area of 28,00,205 sq. ft., comprising 1,402 units. In Prayagraj, Omaxe Shiva...