Regulatory6 May 2026, 06:21 pm
Omaxe Subsidiary Receives RERA Approval for Two Projects
AI Summary
Omaxe Ltd's wholly-owned subsidiary, Omaxe Garv Buildtech Private Limited, has received RERA registration certificates for two commercial projects, 'Commercial-3 Block-I' and 'Commercial-3 Block-2', located in Lucknow, Uttar Pradesh. The approvals, granted by the Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA), are valid until December 17, 2030, subject to standard conditions and potential extensions. These registrations certify compliance, enhance credibility, ensure timely delivery, and foster trust with buyers, positively impacting the company's consolidated financial performance.
Key Highlights
- Omaxe Garv Buildtech gets RERA registration for 'Commercial-3 Block-I' and 'Commercial-3 Block-2'.
- RERA approvals are valid until December 17, 2030, subject to standard conditions.
- Approvals enable the subsidiary to sell, transfer, or advertise the projects.
- RERA registration enhances credibility and ensures transparency for buyers.
- The projects are located in Lucknow, Uttar Pradesh and registered with U.P. RERA.
Price Impact
More from OMAXE