Omaxe Limited has informed the Exchange about Regulatory Approval
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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 project 'World Street West Zone' located in New Chandigarh, Punjab. The project, categorized as Commercial (Built-up), is scheduled for launch on August 6, 2025, and the registration is valid until December 11, 2029. The registration number is PBRERA-SAS80-PC0370. This approval enables the subsidiary to sell, transfer, and advertise the project. The company expects this to strengthen its brand value and positively impact consolidated financial performance.
This regulatory clearance allows Omaxe's subsidiary to legally market and sell units in the commercial project, which could boost future revenue and bookings. For shareholders, it represents a positive step toward monetizing the project, though the actual financial impact remains to be seen.