Project Update23 Jul 2026, 02:59 pm
Alpine Housing JV Project Plan Approval Underway; ₹500 Cr Revenue Expected
AI Summary
Alpine Housing Development Corporation Ltd announced progress on its joint development agreement for a 13-acre land parcel with Mis Mile Stone Pvt Ltd (part of Bharatya Urban Pvt Ltd). The Bangalore Development Authority (BDA) has issued a demand notice for plan approval fees to Bharatya Urban Pvt Ltd. Upon payment and formal approval, Bharatya Urban will seek RERA approval, after which the project is expected to launch within 1-2 months. Alpine Housing anticipates a net revenue share of approximately ₹500 crores over 4-5 years from this project.
Key Highlights
- Joint development project plan approval process initiated with BDA.
- Project launch anticipated in 1-2 months post RERA approval.
- Alpine Housing expects ₹500 crores net revenue over 4-5 years.
- BDA issued demand notice for plan approval fees.
Price Impact
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