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 'URBAN SQUARE-14' located in Kharar, SAS Nagar (Mohali), Punjab. The registration is valid until December 31, 2028, and the project is scheduled to launch on March 7, 2026. The project is aimed at both domestic and international markets. The RERA registration enables the subsidiary to legally sell, transfer, and advertise the project, and is expected to boost brand value and consolidated financial performance.
This regulatory approval allows the company to begin marketing and selling units in a new commercial project, potentially adding to future revenue. It is a routine but necessary milestone for real estate developers and is mildly positive for the company.