Omaxe Limited has come into focus after its wholly owned subsidiaries secured approvals for 2 residential developments, paving the way for project launches and sales across key real estate markets in North India.
The company’s subsidiaries have received RERA approvals for 2 residential projects, both scheduled for launch on March 23, 2026.
The first project, Integrated Residential Township Phase 6B, is located in New Chandigarh, Punjab. This development falls under the plotted residential segment and will cater to both domestic and international buyers.
The project is being executed by Omaxe New Chandigarh Developers Private Limited.
The second project, Metro City P-8B, is situated in Lucknow, Uttar Pradesh, and also focuses on residential plots. It is being developed by Omaxe Garv Buildtech Private Limited. Similar to the Chandigarh project, this development is aimed at both domestic and global markets.
Both projects have received approvals subject to standard conditions, allowing the subsidiaries to move ahead with marketing, sale and development activities.
These approvals are expected to enhance the company’s operational pipeline and support its expansion strategy in key residential markets. By enabling sales and project execution, the developments are likely to contribute to revenue visibility over the coming years.
The approvals also improve the credibility of the projects, helping build buyer confidence through transparency and structured development timelines. This becomes particularly important in the plotted development segment, where trust and execution track record play a critical role in driving demand.
In addition, the projects are expected to strengthen Omaxe’s brand positioning in both Punjab and Uttar Pradesh, 2 regions where the company already has a presence.
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As of 23 March 2026, at 9:24 AM, Omaxe Limited share price is trading at ₹69.80 per share, reflecting a decline of 3.12% from the previous closing price. Over the past month, the stock has declined by 11.33%.
The approval of these 2 residential projects marks a step forward in Omaxe’s growth pipeline, supporting its expansion plans and reinforcing its presence in key real estate markets while contributing to long-term business momentum.
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Published on: Mar 23, 2026, 9:43 AM IST
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