Omaxe Limited has informed the Exchange regarding a press release dated March 06, 2026, titled "Omaxe Achieves Record Sales with Omaxe Residences and The Grand Europe In Faridabad".
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Omaxe Limited, through its wholly owned subsidiary Omaxe World Street Pvt. Ltd., reported record sales for two newly launched RERA-approved projects in Sector 79, Faridabad. Omaxe Residences, comprising 173 ultra-luxury residential units with average realizations of ₹3–4 crore, achieved a 100% sellout within a few days of launch. The Grand Europe (SCO Phase 3 Extension), a commercial project with 120 units, was completely sold out on the very first day of launch. Combined estimated project cost is over ₹1,060 crore (Omaxe Residences at ₹927.20 crore, The Grand Europe at ₹133.78 crore), with completion targeted for December 2030 and August 2030 respectively. The company highlighted strong buyer confidence, limited competition in the ultra-luxury segment, and strategic connectivity to the Delhi–Mumbai Expressway and upcoming Jewar Airport as key demand drivers.
Positive for the stock in the short term, as full sellout on launch demonstrates strong demand and supports revenue visibility, though actual bookings will be recognized over the multi-year construction period (completion by 2030). Investors should watch for further sales updates and project execution milestones.