Omaxe Subsidiary Receives RERA Registration for Urban Square-14 Commercial Project
Omaxe Limited's wholly owned subsidiary has secured RERA registration for its Urban Square-14 commercial plotted project in Mohali, Punjab. The registration certificate PBRERA-SAS80-PC0414-032026 is valid until December 2028 and enables the company to commence sales and marketing activities. The approval is expected to enhance credibility and positively impact the company's consolidated financial performance.
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Omaxe has announced that its wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has successfully received RERA (Real Estate Regulatory Authority) registration for the Urban Square-14 project in Mohali. The registration certificate was issued by Punjab RERA with registration number PBRERA-SAS80-PC0414-032026.
Project Launch and Details
The Urban Square-14 project is scheduled for launch and represents a commercial plotted development in the Mohali region. The project is strategically located at Kharar, Village Salamatpur and Rasoolpur, SAS Nagar (Mohali), Punjab-140901.
| Project Specifications: | Details |
|---|---|
| Project Name: | Urban Square-14 |
| Category: | Commercial (Plotted) |
| Location: | Kharar, Village Salamatpur and Rasoolpur, Mohali |
| Registration Number: | PBRERA-SAS80-PC0414-032026 |
| Target Market: | Domestic & International |
| Validity Period: | Until 31-12-2028 |
Regulatory Compliance and Impact
The RERA registration enables the wholly owned subsidiary to legally sell, transfer, or advertise the project to prospective buyers. According to the company's disclosure, this approval certifies compliance with regulations, enhances credibility, ensures timely delivery, and fosters trust with buyers by guaranteeing transparency and legal protection.
Business Implications
The regulatory approval is expected to strengthen the brand value and positively impact the consolidated financial performance of Omaxe. The registration is valid until December 31, 2028, unless extended by the concerned authority, providing a clear operational timeline for the project development and sales activities.
The project details and registration information are available on the Punjab RERA website at www.rera.punjab.gov.in , ensuring transparency and accessibility for potential investors and buyers.
Historical Stock Returns for Omaxe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.44% | -3.73% | -4.41% | -12.69% | -2.18% | +6.32% |
