Joint Ventures9 April 2026 at 03:44 am
Anant Raj Ltd Modifies Existing Collaboration Agreement with Destination Properties for a Residential Project in Gurugram
AI Summary
Anant Raj Ltd has entered into a Supplementary Agreement to modify certain terms of its existing collaboration arrangement with Destination Properties Private Limited for the development of a residential group housing project in Gurugram, Haryana. The project will be developed over an aggregated land parcel of approximately 5.0875 acres, out of which 2.25 acres is contributed by Destination Properties Private Limited. The agreement is a revenue-sharing model for project monetization, with exclusive development, marketing, and sales rights vested with Anant Raj Limited.
Key Highlights
- Anant Raj Ltd and Destination Properties Private Limited have modified their existing collaboration arrangement for a residential group housing project in Gurugram, Haryana.
- The project will be developed over an aggregated land parcel of approximately 5.0875 acres, with 2.25 acres contributed by Destination Properties Private Limited.
- The agreement is a revenue-sharing model for project monetization, with exclusive development, marketing, and sales rights vested with Anant Raj Limited.
- Destination Properties Private Limited will be reimbursing Anant Raj Limited for the cost incurred in buying Transferable Development Right (TDR).
- The project is subject to applicable regulatory approvals including RERA Registration and local development regulations.