Black Opal Group Entity Receives RERA Approval for Rs 475 Crore Ghaziabad Housing Project
New Delhi, October 20, 026: BSE SME-listed Black Opal Consultants announced that its associate entity, Black Opal Ventures LLP, has received Uttar Pradesh RERA registration for its residential project “Hummingbird” in Ghaziabad, according to a press release issued by the company.
The group housing development is situated on a 2.2-acre (8,875 sq m) land parcel at Madhuban Bapudham and carries an estimated gross development value of approximately Rs 475 crore. The project comprises over 6.35 lakh sq ft of residential saleable area across 346 housing units and 22,100 sq ft of commercial space featuring 34 shops.
The land parcel was acquired from the Ghaziabad Development Authority (GDA) in July 2026. GDA approved the building plans and issued the commencement certificate on July 31. The UPRERA registration, issued on October 6, is valid through December 31, 2032, which marks the proposed completion date for the project.
Black Opal Consultants holds a 41 percent partnership interest in Black Opal Ventures LLP. In addition to its share of profits from the LLP, the company will act as the exclusive inventory underwriter for the project, earning brokerage on sales.
The development marks the company’s expansion into residential real estate development in the Delhi NCR region. Black Opal Consultants operates as a RERA-registered real estate agent providing sales and advisory services, while also participating in residential developments through LLPs in Ghaziabad, Lucknow, Ayodhya, and Bareilly. The company reported revenue from operations of Rs 41.97 crore and a profit after tax of Rs 12.22 crore for FY 2025-26.
