Omaxe Limited has informed the Exchange about Granting of Regulatory Approvals.
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Omaxe Limited's wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has received RERA Registration Certificates from the Punjab Real Estate Regulatory Authority for four residential projects in Kharar, SAS Nagar (Mohali), Punjab. The projects include Integrated Residential Township Phase 6, Phase 6A, Phase 6C (all plotted residential), and Resort The Retreat (built-up residential). All four registrations are valid until 2030, subject to standard conditions. The subsidiary can now legally sell, transfer, and advertise these projects, with the company stating this will positively impact consolidated financial performance.
These approvals enable the subsidiary to start selling and marketing four new residential projects, which could drive future revenue and bookings. The regulatory clearance adds credibility and legal protection for buyers, potentially supporting the company's brand value and operational pipeline.