Omaxe has announced substantial project cost estimates for its key residential developments in Faridabad, highlighting the company's significant investment in the region's real estate market.

Project Cost Details

The real estate developer has disclosed estimated project costs for two major developments in Faridabad:

Company Valuation

The company currently maintains a market capitalization of ₹1500.00 crore, positioning it as a significant player in the residential real estate development sector.

Strategic Development Focus

These project announcements demonstrate Omaxe's commitment to expanding its presence in Faridabad's residential market. The substantial investment of over ₹1000.00 crore across both projects indicates the company's confidence in the region's growth potential and demand for quality residential developments.

Omaxe Limited has announced that its wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has received RERA registration certificate for its commercial project 'The Lake Commercial Phase 2' located in Mohali, Punjab. The approval was granted by Punjab Real Estate Regulatory Authority under registration number PBRERA-SAS80-PC0410-022026.

Project Details and Launch

The Lake Commercial Phase 2 is a commercial plotted development situated at Kharar, Village Bharonjian, SAS Nagar (Mohali), Punjab. The project was launched on March 05, 2026, and is designed to cater to both domestic and international markets.

Regulatory Compliance and Approval

The RERA registration certificate was issued by Punjab Real Estate Regulatory Authority, confirming the project's compliance with regulatory requirements. The approval is granted subject to certain standard conditions and remains valid until October 15, 2030, unless extended by the concerned authority.

The registration enables the wholly owned subsidiary to legally sell, transfer, or advertise the project while ensuring transparency and legal protection for potential buyers. Project details are available on the Punjab RERA website at www.rera.punjab.gov.in .

Business Impact and Significance

According to the company's disclosure, the RERA registration brings several strategic advantages:

• Certifies compliance with real estate regulations
• Enhances project credibility and market positioning
• Ensures timely project delivery commitments
• Fosters buyer trust through transparency and legal protection
• Enables legal sales and marketing activities

The company expects this approval to strengthen its brand value and positively impact the consolidated financial performance through enhanced market confidence and regulatory compliance.

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 of SEBI LODR Regulations, 2015, ensuring proper disclosure of material events to stakeholders. The information has been made available on the company's website and relevant stock exchange platforms for public access.