Omaxe Share Price Surges Over 10%; Subsidiaries Receives RERA Approval for 2 Projects

Written by: Team Angel OneUpdated on: 17 Mar 2026, 3:42 pm IST
Omaxe subsidiaries get RERA clearance for 2 commercial projects, allowing advertising, sales and development as per regulations.
Omaxe Share Price Surges
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Omaxe Ltd. informed stock exchanges on March 16, 2026, that 2 of its subsidiaries have received registration certificates under the Real Estate (Regulation and Development) Act (RERA) for separate projects in Haryana and Punjab. The disclosure was made through a regulatory filing dated 16 March 2026. 

The approvals allow the subsidiaries to undertake marketing, sale, and transfer of units in the projects, subject to conditions prescribed by the respective state regulators.  

Omaxe World Mall in Faridabad 

One of the registered developments is Omaxe World Mall, a commercial colony with mixed land use located in Sector-79, Faridabad. The project is situated in the revenue estate of villages Badauli and Bhatola.  

The project has received registration from the Haryana Real Estate Regulatory Authority (HRERA). It is being developed by Omaxe World Street Private Limited, a wholly owned subsidiary of Omaxe Ltd.  

The approval is valid until November 11, 2030, unless extended by the authority. According to the filing, the project is intended to cater to both domestic and international markets.  

The Retreat Project in Amritsar 

The 2nd project, The Retreat, has received registration from the Punjab Real Estate Regulatory Authority (Punjab RERA).  

It is located within the Omaxe New Amritsar Integrated Township in Amritsar district, covering villages including Nijjarpura, Meharbanpura, Wadali Dogra and Rakdevidass in Amritsar-II tehsil.  

The project is categorised as a commercial built-up development. The approval remains valid until December 1, 2031, unless extended by the regulatory authority.  

Development of the project is being undertaken by Dinkar Realcon Private Limited, a step-down wholly owned subsidiary of Omaxe Ltd., along with its holding company Omaxe New Amritsar Developers Private Limited and several other group entities.  

Launch Timeline 

According to the disclosure, both projects are scheduled to be launched on March 17, 2026. The registrations have been granted subject to standard conditions set by the respective RERA authorities.  

Read MoreREC Limited Announces Record Date of March 20, 2026 for Fourth Interim Dividend! 

Omaxe Ltd Share Price Performance  

As of March 17, 2026, 9:27 am, Omaxe Ltd share price stood at ₹75.53, a 10.12% increase from the previous closing price. 

Conclusion 

The RERA registrations provide regulatory clearance for the 2 developments and enable the subsidiaries to proceed with project-related transactions and advertising activities under the framework of the Act. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 17, 2026, 10:09 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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