Omaxe Limited has informed the Exchange about Product launch.
OMAXE · price
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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 (No. PBRERA-SAS80-PC0410-022026) is valid until October 15, 2030. The project is classified as Commercial (Plotted) and targets both domestic and international markets. This approval enables the subsidiary to legally sell, transfer, and advertise the project. The company expects this to strengthen brand value and positively impact consolidated financial performance.
This is a routine but necessary regulatory clearance for Omaxe's subsidiary to begin selling and marketing a new commercial project in Mohali. It removes a key compliance hurdle and allows revenue generation from the project, with a modestly positive read-through to consolidated financials over the project's lifecycle.