Omaxe Limited has informed the Exchange about Project launch
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Omaxe Limited announced that its wholly-owned subsidiary, Omaxe Garv Buildtech Private Limited, has received a RERA Registration Certificate for a new residential project called 'Metro City Phase 10' located in Lucknow, Uttar Pradesh. The registration (UPRERAPRJ529755/06/2025) was granted by the Uttar Pradesh Real Estate Regulatory Authority and is valid until October 9, 2027. The project is scheduled to launch on July 1, 2025, and will cater to both domestic and international buyers. This is a regulatory clearance that allows the subsidiary to legally sell, transfer, and advertise the project.
The RERA approval enables Omaxe to officially launch and monetise the project, which should support future revenue and positively impact the company's consolidated financial performance. It is a routine but essential regulatory step for property sales.