Omaxe Limited has informed the Exchange about Granting of Regulatory Approval.

OMAXE · price

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+1.2%1-day move

₹83.00

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₹82.22

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AI summary

Omaxe Limited has received a RERA Registration Certificate from Punjab Real Estate Regulatory Authority for its residential plotted project 'Omaxe Royal Nest' located on Pakhowal Road, Thakkarwal, Ludhiana, Punjab - 142022. The registration number is PBRERA-LDH44-PR1370-042026 and the certificate is valid until 31-01-2031, subject to standard conditions. The project is scheduled for launch on 23-04-2026 and targets both domestic and international markets. With this approval, the company is now permitted to sell, transfer, and advertise the project.

Likely market impact

This regulatory approval enables Omaxe to begin marketing and selling the project, which is expected to strengthen brand value and positively impact the company's consolidated financial performance. It adds a new revenue-generating residential project in Punjab to Omaxe's portfolio.