Omaxe Shares Up 4% After RERA Approval, YTD Gain 40%

Shares of Omaxe Limited rose 4% to close higher on Friday after the company filed a stock‑exchange statement confirming it had secured a RERA registration certificate for its commercial project, "Commercial and Service Apartment at Eternity - 2," in Mathura.

The Uttar Pradesh Real Estate Regulatory Authority granted the approval covering Khasra No. 411 and 413 on the Vrindavan to Radha Kund Marg stretch; the certificate is valid until April 1, 2031, unless extended.

The registration follows a 40% price surge this year, outpacing the NIFTY Realty index’s roughly 25% rise, signalling strong investor confidence in Omaxe’s expansion plans.

Analysts point out that the new project could inject substantial rental revenue, potentially elevating the company’s gross margin in Q4. The next earnings call is set for 15 January 2027, where management is expected to detail the project's financial impact.

Trading volume climbed 12% on the day, reflecting heightened interest as the market digests the regulatory milestone.