Dhani Services Limited has announced that its wholly owned subsidiary, Indiabulls Urbanresidency Limited (formerly Indiabulls Investment Advisors Limited), has successfully obtained registration from the Haryana Real Estate Regulatory Authority (HRERA), Panchkula for its residential project, "Indiabulls Green Avenue," located at Sector 2, Kharkhauda, District Sonipat, Haryana. The registration was granted under the Real Estate (Regulation and Development) Act, 2016 (RERA), bearing registration number HRERA-PKL-SNP-676-2025 dated March 19, 2025.

This development follows Dhani Services' previous intimation dated January 21, 2025, regarding the ongoing progress of the residential project. The company has now completed the necessary regulatory formalities and obtained approval, which marks a significant milestone in the project's lifecycle.

Details of RERA Registration and Approval

As per the company’s disclosure to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the following key information was highlighted:

1. Regulatory Authority: The registration was obtained from the Haryana Real Estate Regulatory Authority (HRERA), Panchkula.
2. Project Details: The registration pertains to the affordable residential plotted colony project titled "Indiabulls Green Avenue" at Sector 2, Kharkhauda, Sonipat, Haryana.
3. Approval Validity: The registration will remain co-terminus with the license granted by the Department of Town and Country Planning (DTCP), Haryana.

Impact and Relevance of Registration

The registration under RERA is expected to have a positive impact on Dhani Services Limited by facilitating the monetization of its real estate assets and infusion of liquidity into the company. With the regulatory approval now in place, the company is well-positioned to proceed with the project development and secure further investor confidence.

Terms and Conditions of Registration

The registration obtained from HRERA is subject to the fulfillment of certain terms and conditions outlined in the registration certificate dated March 19, 2025. The company has committed to adhering to these conditions to ensure smooth project execution and compliance with regulatory guidelines.

No License Withdrawal, Cancellation, or Suspension

The company clarified that there has been no withdrawal, cancellation, or suspension of the license or registration. Therefore, there is no monetary or operational impact on the company due to any adverse regulatory actions. Dhani Services confirmed that the validity of the registration is aligned with the license granted by DTCP, Haryana, ensuring continued compliance with all applicable regulatory requirements.

Monetization of Real Estate Assets

The registration under RERA marks a critical step towards monetizing Dhani Services' real estate assets. The project, Indiabulls Green Avenue, is designed to provide affordable housing solutions in the region, contributing to the company’s long-term growth and enhancing shareholder value. The monetization of this project is expected to boost liquidity and support the company’s financial stability.

Compliance with SEBI Listing Regulations

Dhani Services Limited reiterated its commitment to compliance with SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company assured stakeholders that it will continue to provide timely updates on any developments related to the project or changes in regulatory status.

Future Updates and Impact Analysis

The company stated that any subsequent changes related to the registration, including withdrawal, cancellation, or suspension, if applicable, will be promptly disclosed to the stock exchanges along with the actual impact (monetary or otherwise) and corrective actions taken.

Conclusion: Strengthening Market Position

With the successful registration of Indiabulls Green Avenue under RERA, Dhani Services Limited has taken a significant step forward in strengthening its real estate portfolio and enhancing liquidity. This move not only aligns with the company’s long-term growth strategy but also reinforces its commitment to regulatory compliance and investor transparency.

As Dhani Services progresses with the project, the company aims to deliver quality residential solutions while continuing to adhere to all regulatory requirements, ensuring a sustainable and compliant growth trajectory.

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