Omaxe Limited has informed the Exchange about Regulatory Approval
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Omaxe Limited's wholly-owned subsidiary, Omaxe Garv Buildtech Private Limited, has received a RERA Registration Certificate from the Uttar Pradesh Real Estate Regulatory Authority for its residential project 'Metro City Phase 10' located in Lucknow. The registration number is UPRERAPRJ529755/06/2025 and is valid until October 9, 2027, subject to standard conditions. The project is classified as residential and is set to launch on July 1, 2025. This approval allows the subsidiary to legally sell, transfer, or advertise the project.
This is a positive development for Omaxe Limited as the RERA registration enhances the project's credibility, ensures regulatory compliance, and enables the subsidiary to market and sell the project, which should positively contribute to the company's consolidated financial performance.