Omaxe Subsidiaries Secure RERA Approvals for Residential Projects in UP and Punjab

2 min read     Updated on 21 Mar 2026, 04:45 PM
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Reviewed by
Radhika SScanX News Team
Overview

Omaxe Limited's wholly owned subsidiaries have secured RERA registration certificates for residential projects in Punjab and Uttar Pradesh. The approvals cover Integrated Residential Township Phase 6B in Punjab and METRO CITY P-8B in Lucknow, both targeting domestic and international markets with launch dates of March 23, 2026.

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Omaxe Limited has announced that its wholly owned subsidiaries have received RERA registration certificates for residential projects in Uttar Pradesh and Punjab. These regulatory approvals mark significant milestones for the company's expansion across northern Indian real estate markets.

Multiple Project Registrations

The company's subsidiaries have secured RERA approvals for two distinct residential developments. Omaxe Garv Buildtech Private Limited received registration for its Lucknow project, while Omaxe New Chandigarh Developers Private Limited obtained approval for a Punjab-based residential development. These registrations enable the subsidiaries to legally commence sales and marketing activities.

Project Details: Punjab Project Lucknow Project
Project Name: Integrated Residential Township Phase 6B METRO CITY P-8B
Registration Number: PBRERA-SAS80-PR1355-032026 UPRERAPRJ582769/03/2026
Category: Residential (Plotted) Residential Plots
Location: Kharar, Village Bansapur, Paintpur, Sainimajra, SAS Nagar, Punjab Khasra No. 3271(P)-3288(P), Tehsil-Sarojini Nagar, Lucknow, UP
Launch Date: March 23, 2026 March 23, 2026
Validity Period: Until December 1, 2030 Until October 9, 2027

Punjab Project Specifications

Omaxe New Chandigarh Developers Private Limited received RERA registration for its Integrated Residential Township Phase 6B project. The development is strategically located at Kharar, Village Bansapur, Paintpur, Sainimajra, SAS Nagar, Punjab-140901. The residential plotted project caters to both domestic and international markets, expanding the company's customer reach.

Lucknow Project Details

The METRO CITY P-8B project has been officially registered with the Uttar Pradesh Real Estate Regulatory Authority. The project is located at Omaxe Metro City on multiple Khasra numbers including 3271(P), 3272(P), 3273(P), 3283(P), 3284(P), 3285(P), 3286(P), and 3288(P) in Tehsil-Sarojini Nagar, District-Lucknow. The residential plots project targets both domestic and international buyers.

Strategic Business Benefits

The RERA registrations provide multiple strategic advantages for both subsidiaries:

  • Legal Authorization: Enables subsidiaries to legally sell, transfer, and advertise projects
  • Enhanced Credibility: Certifies compliance with real estate regulations
  • Buyer Confidence: Ensures transparency and legal protection for customers
  • Market Expansion: Allows targeting of broader customer base including international buyers
  • Timely Delivery: Guarantees adherence to project completion timelines
  • Brand Strengthening: Positively impacts consolidated financial performance

Regulatory Compliance Framework

Both RERA registration certificates have been granted by respective state Real Estate Regulatory Authorities, subject to standard regulatory conditions. The Punjab project approval was issued by Punjab Real Estate Regulatory Authority, while the Lucknow project received approval from Uttar Pradesh Real Estate Regulatory Authority. The approvals ensure full regulatory compliance and provide comprehensive legal protection to potential buyers.

Corporate Disclosure and Transparency

The announcements were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has uploaded disclosures on its official website and the websites of both NSE and BSE for stakeholder transparency. Complete project details are available on respective state RERA websites for public verification and reference.

Historical Stock Returns for Omaxe

1 Day5 Days1 Month6 Months1 Year5 Years
+1.67%-0.96%-8.10%-16.33%-7.13%+4.19%

Omaxe Limited Receives Credit Ratings from Acuité Ratings & Research Limited

1 min read     Updated on 19 Mar 2026, 04:56 PM
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Reviewed by
Radhika SScanX News Team
Overview

Omaxe Limited has received fresh credit ratings from Acuité Ratings & Research Limited, with ACUITE BBB- (Stable) assigned for long-term bank loans and ACUITE A3 for short-term facilities. The ratings were communicated on March 18, 2026, and disclosed to stock exchanges under SEBI LODR Regulations. The 'Assigned' rating action indicates these are new ratings for the real estate developer, with detailed information available on both the rating agency's and company's websites.

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Omaxe Limited has announced the assignment of fresh credit ratings by Acuité Ratings & Research Limited, marking a significant development in the company's financial profile. The real estate developer disclosed this information in compliance with SEBI LODR Regulations on March 19, 2026.

Credit Rating Details

The rating agency has assigned comprehensive ratings covering both long-term and short-term financial instruments for the company's bank loans.

Rating Type: Rating Assigned Rating Action
Long Term Rating: ACUITE BBB- (Stable) Assigned
Short Term Rating: ACUITE A3 Assigned

The ratings were communicated through Acuité's rating letter dated March 18, 2026, which was received by Omaxe Limited on March 19, 2026. The 'Assigned' rating action indicates these are fresh ratings provided by the agency for the company's bank loan facilities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

The company has communicated this development to both BSE Limited (Security Code: 532880) and National Stock Exchange of India Limited (Symbol: OMAXE), ensuring comprehensive market disclosure.

Information Accessibility

Detailed information about these credit ratings is available on multiple platforms for stakeholder reference. Investors and analysts can access comprehensive rating details on Acuité Ratings & Research Limited's website and Omaxe's official investor relations portal.

The BBB- rating with stable outlook reflects the rating agency's assessment of the company's creditworthiness for long-term obligations, while the A3 short-term rating indicates the agency's view on the company's ability to meet short-term financial commitments.

Historical Stock Returns for Omaxe

1 Day5 Days1 Month6 Months1 Year5 Years
+1.67%-0.96%-8.10%-16.33%-7.13%+4.19%

More News on Omaxe

1 Year Returns:-7.13%