Omaxe Limited has informed the Exchange about Granting of regulatory approval.
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Omaxe Limited's wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has received a RERA Registration Certificate from Punjab RERA for its commercial plotted project 'The Lake Commercial Phase 2' located in Kharar, SAS Nagar (Mohali), Punjab. The registration number is PBRERA-SAS80-PC0410-022026, with the launch date being March 5, 2026. The approval is valid until October 15, 2030, unless extended by the authority. The project is categorized as commercial (plotted) and is targeted at both domestic and international markets.
This regulatory clearance enables the subsidiary to legally sell, advertise, and transfer the project, strengthening brand credibility and buyer trust. It positively supports Omaxe's consolidated financial performance by unlocking a new commercial project for sales and bookings in Punjab.