Omaxe Limited has informed the Exchange about Project launch
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Awaiting price reaction for this filing.
Omaxe Limited's wholly-owned subsidiary, Omaxe Garv Builtech Private Limited, has received RERA registration for a new residential plotted development called 'Metro City Phase 11' located in Lucknow, Uttar Pradesh. The project is classified as a Hitech Township — Residential Plots and was officially launched on May 15, 2025. It targets both domestic and international buyers. No specific project size, revenue potential, or investment figure was disclosed in the filing. The registration number is UPRERAPRJ568472/05/2025, and full project details are available on the UP-RERA website.
This is a routine regulatory milestone enabling the subsidiary to legally market and sell plots in the new Lucknow project. For shareholders, it signals continued project pipeline activity, but the lack of disclosed scale or sales targets makes it a neutral-to-mildly-positive event without immediate financial visibility.