Omaxe Limited has informed the Exchange about Project Launch .
OMAXE · price
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Omaxe Limited's wholly owned subsidiary, Omaxe Garv Buildtech Private Limited, has received a RERA registration certificate for a new residential plots project called 'METRO CITY P-2 A' located in Lucknow, Uttar Pradesh. The project is scheduled for launch on March 21, 2026, and targets both domestic and international buyers. The RERA approval is valid until October 9, 2027, and enables the subsidiary to legally sell, transfer, and advertise the project. The company notes this approval will enhance brand credibility, ensure timely delivery, and positively impact consolidated financial performance.
This RERA approval allows Omaxe to officially launch and sell a new residential project, potentially adding to future revenue. It's a routine regulatory milestone rather than a major surprise, so the stock impact is likely to be modest unless the project size is significant.