Omaxe New Chandigarh Secures RERA Registration for The Lake Commercial Phase 2

Omaxe Limited (BSE: 532880, NSE: OMAXE, CIN: L74899HR1989PLC051918) announced that its wholly owned subsidiary, M/s. Omaxe New Chandigarh Developers Private Limited, has received a RERA Registration Certificate for its project "The Lake Commercial Phase 2" located at Kharar, Village Bharonjian, SAS Nagar (Mohali), Punjab-141003.

The registration, numbered PBRERASAS80-PC0410-022026, was issued by the Punjab Real Estate Regulatory Authority (Punjab RERA) and is valid until October 15, 2030, unless extended. The project, categorized as commercial plotted development, was launched on March 5, 2026, and caters to both domestic and international markets.

This approval certifies compliance with regulations, enhances credibility, ensures timely delivery, and fosters trust with buyers through transparency and legal protection. It enables the subsidiary to sell, transfer, or advertise the project, ultimately strengthening Omaxe Limited's brand value and positively impacting its consolidated financial performance.

Shares of Omaxe Limited was last trading in BSE at Rs. 76.33 as compared to the previous close of Rs. 78.19. The total number of shares traded during the day was 8136 in over 75 trades.

The stock hit an intraday high of Rs. 81.08 and intraday low of 74.65. The net turnover during the day was Rs. 623066.00.

Source : Equity Bulls

Keywords

Omaxe INE800H01010 Realty OmaxeNewChandigarhDevelopers RERARegistration TheLakeCommercial Phase2