OMAXE: Subsidiary Gets Approval for 4 Housing Projects in Mohali, Punjab
Omaxe Limited's wholly owned subsidiary has secured RERA registration certificates for four residential projects in Mohali, Punjab, including three plotted townships and one built-up resort. All projects are scheduled for launch on March 12, 2026, with validity periods extending until 2030, enabling the subsidiary to commence sales and marketing activities.
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Omaxe Limited has announced that its wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has received RERA registration certificates for four residential projects located in Mohali, Punjab. The regulatory approvals were disclosed under Regulation 30 of SEBI LODR Regulations, 2015.
Project Portfolio Overview
The subsidiary has secured approvals for a diverse mix of residential developments targeting both domestic and international markets. All four projects are scheduled for launch on March 12, 2026.
| Project Name: | Category | Location | Registration Number |
|---|---|---|---|
| Integrated Residential Township Phase 6 | Residential (Plotted) | Kharar, Village Ranimajra, Sainimajra | PBRERA-SAS80-PR1338-032026 |
| Integrated Residential Township Phase 6A | Residential (Plotted) | Kharar, Village Bansapur, Chahrmajra, Paintpur | PBRERA-SAS80-PR1337-032026 |
| Integrated Residential Township Phase 6C | Residential (Plotted) | Kharar, Village Rasoolpur | PBRERA-SAS80-PR1336-032026 |
| Resort The Retreat | Residential (Built-up) | Kharar, Village Dhodemajra | PBRERA-SAS80-PR1334-032026 |
Regulatory Compliance and Validity
The Punjab Real Estate Regulatory Authority (Punjab RERA) has granted these registrations subject to standard conditions. The approvals carry different validity periods, with most certificates valid until 2030.
| Project: | Validity Period |
|---|---|
| Phase 6 & Phase 6A | Valid till December 01, 2030 |
| Phase 6C | Valid till November 05, 2030 |
| Resort The Retreat | Valid till October 09, 2030 |
Strategic Impact
According to the company's disclosure, RERA registration provides several strategic advantages:
- Regulatory Compliance: Certifies adherence to real estate regulations
- Enhanced Credibility: Builds trust with potential buyers through transparency
- Legal Protection: Ensures buyer protection and timely project delivery
- Commercial Authorization: Enables the subsidiary to sell, transfer, and advertise the projects
The company stated that these approvals will strengthen brand value and positively impact consolidated financial performance. The registrations demonstrate the subsidiary's commitment to regulatory compliance while expanding its presence in the Punjab real estate market.
Documentation and Transparency
The complete disclosure details are available on the Punjab RERA website at www.rera.punjab.gov.in . The company has also uploaded the intimation on its corporate website and the websites of BSE and NSE for stakeholder access and transparency.
Historical Stock Returns for Omaxe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.15% | -4.61% | -4.88% | -13.98% | -8.66% | +2.10% |
