Omaxe Subsidiary Secures RERA Registration for Commercial Project in Faridabad

Omaxe World Street Private Limited, a wholly owned subsidiary of Omaxe Limited, has secured RERA (Real Estate Regulatory Authority) registration for its commercial project, London Street Extension, located in Sector-79, Faridabad, Haryana. The registration, numbered HRERA-PKL-FBD-791-2025, marks a significant milestone for the company's expansion plans in the region.

This development authorizes Omaxe World Street Private Limited to proceed with the development, sale, transfer, and advertising of the London Street Extension project. The RERA registration is crucial for the company's operations and compliance with real estate regulations, ensuring transparency and accountability in the real estate sector.

The RERA registration is expected to have several positive implications for Omaxe Limited:

1. Enhanced Credibility : RERA registration certifies compliance with regulations, potentially boosting the project's credibility among potential buyers and investors. 2. Timely Delivery Assurance : The registration may help ensure timely project delivery, a key factor in maintaining customer trust. 3. Legal Protection : It provides legal protection to buyers, fostering a sense of security in their investment. 4. Brand Value : The approval may strengthen Omaxe's brand value in the real estate market. 5. Financial Performance : The project could potentially impact Omaxe Limited's consolidated financial performance.

While the news primarily focuses on the RERA registration, it's worth noting Omaxe Limited's recent financial position based on the latest available consolidated balance sheet data:

| Financial Metric | Current Year | 1 Year Ago | Change | |------------------|--------------|------------|--------| | Total Assets | ₹14,877.40 crore | ₹13,822.30 crore | +7.63% | | Current Assets | ₹13,259.50 crore | ₹12,458.40 crore | +6.43% | | Current Liabilities | ₹13,953.50 crore | ₹12,194.30 crore | +14.43% | | Total Equity | -₹196.20 crore | ₹488.90 crore | -140.13% |

The company has seen growth in its total assets and current assets over the past year. However, the significant change in total equity warrants attention and may underscore the importance of successful project launches and executions, such as the London Street Extension, for the company's financial health.

As Omaxe World Street Private Limited moves forward with the London Street Extension project, investors and stakeholders will likely keep a close eye on how this development contributes to the parent company's overall performance and market position in the coming quarters.

Omaxe Limited, a leading real estate developer in India, has a history of delivering large-scale projects and navigating regulatory and financial challenges. The RERA registration for the London Street Extension project is a positive step towards ensuring compliance and enhancing the company's reputation in the market.