Omaxe has received RERA Registration Certificate for its commercial and service apartment project, Eternity-2, located in Mathura. The approval enables the company to proceed with sales and marketing under the regulatory framework governing real estate development in India.

Project overview

The RERA approval marks a significant regulatory milestone for Omaxe's Eternity-2 project in Mathura, covering both commercial and service apartment components. The clearance was granted by the Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA) on October 17, 2026.

Regulatory details and impact

The project is situated at Omaxe Eternity - 2, on Khasra No. 411 & 413, Mauja Maghera, & Mauja Raal, Vrindavan to Radha Kund Marg, Mathura. The company disclosed that the RERA registration certifies compliance with regulations, enhances credibility, ensures timely delivery, and fosters trust with buyers by guaranteeing transparency and legal protection.

This approval enables the Company to sale, transfer, or advertise the Project. It will strengthen the brand value and positively impact the financial performance of the Company. The project caters to both domestic and international markets, although specific international launch countries were not applicable.

Omaxe has entered into a Memorandum of Understanding (MoU) with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects comprising 4,000 keys across India.

This operating arrangement marks a significant step in the execution of Omaxe's ₹6,200 crore hospitality expansion announced in June 2026. The initiative envisages the development of 19 hotels across five states, leveraging Omaxe's real estate development capabilities alongside established hospitality operations.

Partnership and investment details

The collaboration involves an estimated investment of approximately ₹4,000 crore for the 10 projects. These developments span Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad. The portfolio includes hospitality developments at transit hubs, pilgrimage destinations, and commercial locations, reflecting an approach that integrates hospitality with wider real estate and urban development portfolios.

Project specifics and timelines

The properties will be operated under Lemon Tree Hotels' brand portfolio, catering to a mix of hospitality segments. Project development and commissioning timelines are expected to range from nine months to five years, depending on individual development requirements.

The tentative portfolio includes:

• Bus Terminal, Jankipuram (500 keys) and Bus Terminal, Vrindavan Yojna (330 keys) in Lucknow
• Omaxe BeTogether Centre Point, Amausi (693 keys)
• Omaxe Eternity-II (501 keys) and Omaxe BeTogether Courtyard (81 keys) in Vrindavan
• Omaxe BeTogether Centre Point, Ambedkar Road, Ghaziabad (215 keys)
• Omaxe Connaught Place in Greater Noida (150 keys)
• Service Apartments in Amritsar (745 keys)
• Omaxe BeTogether Centre Point, Tower 1, Kaushambi (350 keys)
• World Mall, Sector 79, Faridabad (435 keys)

Strategic implications

Mohit Goel, Managing Director of Omaxe, stated that the arrangement brings established operating expertise to their strategy, while their sale-led development model enables disciplined capital deployment. Neelendra Singh, Managing Director of Lemon Tree Hotels, noted that this alliance accelerates their asset-light growth strategy by combining developer scale with operating strength.

The projects will follow a sale-led development model, with Omaxe expecting to fund completion through sales proceeds without requiring loan funding. This approach complements Omaxe's existing townships, commercial destinations, and mixed-use developments, aiming to address evolving accommodation needs across diverse markets in India.