Omaxe has announced record-breaking sales performance for its major residential and commercial developments in Faridabad, with both projects achieving complete sellout within days of launch. The company's subsidiary Omaxe World Street Pvt. Ltd. reported exceptional market response to the newly RERA-approved luxury developments.

Sales Performance Highlights

The real estate developer achieved remarkable sales milestones across both flagship projects:

Project Investment Details

The substantial investment demonstrates Omaxe's commitment to Faridabad's real estate market:

Market Positioning and Pricing

Omaxe Residences addresses the ultra-luxury residential segment in Faridabad, featuring average unit realizations of ₹3.00 to ₹4.00 crore. The development targets the city's high concentration of High Net Worth Individuals in sectors 14, 15, 16, 17, and 9, filling a significant gap in ultra-luxury residential offerings.

The Grand Europe offers European-style commercial spaces with SCOs starting from 70 square yards, bringing premium high-street retail concepts to Faridabad's commercial landscape.

Strategic Location and Connectivity

Both projects are strategically located in Sector 79, Faridabad, offering connectivity to key infrastructure including the Delhi-Mumbai Expressway, upcoming Jewar Airport, Bata Chowk Metro Station, and Manjhawali Bridge. The developments are scheduled for completion by December 2030 for Omaxe Residences and August 2030 for The Grand Europe.

Company Profile

Established in 1987, Omaxe has delivered approximately 140.17 million square feet of real estate across 31 cities in 8 states. The company's portfolio includes iconic projects like Omaxe New Chandigarh Township, World Street in Faridabad, and The Omaxe State in Dwarka.

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.