Realty firm Omaxe Ltd announced on Saturday (March 21) that its wholly owned subsidiaries have received Real Estate Regulatory Authority (RERA) registration certificates for two residential plotted development projects in Punjab and Uttar Pradesh. According to reports from CNBC TV18, both projects are scheduled for launch on March 23, 2026. The approvals cover "Integrated Residential Township Phase 6B" in New Chandigarh, Punjab, and "Metro City P-8B" in Lucknow, Uttar Pradesh, both falling under the residential plotted category and targeted at both domestic and international markets.
The Punjab project has been registered with the Punjab Real Estate Regulatory Authority and is being developed by Omaxe New Chandigarh Developers Private Limited. As reported by CNBC TV18, it is located at Kharar, Village Bansapur, Paintpur, Sainimajra, SAS Nagar, Punjab-140901. The Uttar Pradesh project, "Metro City P-8B," has been registered with the Uttar Pradesh Real Estate Regulatory Authority and is being developed by Omaxe Garv Buildtech Private Limited. According to the report, it is situated at Omaxe Metro City on multiple khasra numbers in Sarojini Nagar tehsil, Lucknow district. The RERA registration numbers are PBRERA-SAS80-PR1355-032026 for the Punjab project and UPRERAPRJ582769/03/2026 for the Uttar Pradesh project.
According to CNBC TV18, the RERA registrations certify compliance with applicable regulations, enable sale, transfer and advertisement of the projects, and ensure transparency and legal protection for buyers. The company stated that the approvals are expected to strengthen brand value and support consolidated financial performance. The Punjab project approval is valid until December 1, 2030, while the Uttar Pradesh project approval remains valid until October 9, 2027, unless extended by the respective authorities.
On Friday (March 20), shares of Omaxe Ltd ended at ₹71.07, up by ₹0.28, or 0.40%, on the BSE, as reported by CNBC TV18. Both approvals are subject to standard conditions prescribed by the respective regulatory authorities, with the company noting that the RERA registrations are expected to support the company's growth trajectory in the residential plotted development segment.
