Omaxe has officially announced a substantial investment of ₹250 crore in its upcoming residential project 'Omaxe Cassia' in Lucknow through a regulatory filing under Regulation 30 of SEBI LODR Regulations. The investment decision follows the successful sale of 300 homes out of 360 total units, demonstrating strong market response and buyer confidence in the project.

Official Regulatory Disclosure

The company filed the announcement on April 29, 2026, with both BSE and NSE exchanges, providing formal notification of this significant investment commitment. The project is being developed by Omaxe Garv Buildtech Pvt. Ltd., a wholly-owned subsidiary of Omaxe Limited, within the expansive 690-acre Omaxe Metro City township on Raebareli Road, Lucknow.

Project Development and Timeline

Omaxe Cassia will comprise eight elegantly designed towers offering a mix of spacious 2BHK and 3BHK apartments. The project is being developed in strict adherence to RERA timelines and is scheduled for delivery within the next three years. The company recently conducted a Bhoomi Pujan and Hawan ceremony at the site, with participation from over 500 attendees including channel partners and homebuyers.

Market Response and Strategic Positioning

The exceptional pre-sales performance, with nearly 300 units sold before full-scale construction, reflects the project's strong market appeal and validates Omaxe's development strategy in Lucknow's residential market. The project benefits from its integration into the larger Omaxe Metro City ecosystem and strategic positioning on Raebareli Road, providing access to rapidly upgrading regional infrastructure and premium township amenities.

Company Background and Portfolio

Established in 1987, Omaxe has delivered approximately 140.17 million sq. ft. of real estate across 31 cities in 8 states. The company's diverse portfolio includes iconic projects like Omaxe New Chandigarh Township, World Street in Faridabad, and The Omaxe State in Dwarka. This investment in Omaxe Cassia reinforces the company's commitment to creating vibrant residential communities in high-growth urban corridors.

Omaxe Limited has achieved a significant regulatory milestone as its wholly-owned subsidiary, Omaxe Garv Buildtech Private Limited, received the RERA Registration Certificate from the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) for its Commercial-3 Block-3 project in Lucknow. The approval was granted with registration number UPRERAPRJ787830/04/2026 on April 23, 2026, marking an important step forward for the company's commercial real estate operations in Uttar Pradesh.

Project Registration Details

The UP RERA registration enables Omaxe's subsidiary to officially commence sales, transfer, and advertising activities for the Commercial-3 Block-3 project. The project is strategically located in Sarojini Nagar, Lucknow, situated on multiple Khasra numbers including 635(P), 2156(P), 2157(P), 2223(P), 2224(P), 2249(P), 2261(P), and 2262(P).

Regulatory Compliance and Impact

The RERA registration certificate ensures compliance with real estate regulations and enhances the project's credibility in the market. According to the company's disclosure under Regulation 30 of SEBI LODR Regulations, 2015, this approval enables the wholly-owned subsidiary to legally market and sell the project while guaranteeing transparency and legal protection to potential buyers.

Strategic Business Benefits

The regulatory approval is expected to strengthen Omaxe's brand value and positively impact the consolidated financial performance of the company. The RERA registration certifies compliance with regulations, ensures timely delivery commitments, and fosters trust with buyers through guaranteed transparency and legal protection.

This development represents Omaxe's continued expansion in the commercial real estate sector across key markets in Uttar Pradesh, demonstrating the company's commitment to regulatory compliance and project development excellence. The project details are available on the UP RERA website, ensuring transparency for potential investors and buyers.