Business Update6 Nov 2024, 10:45 pm
ASHIANA HOUSING LTD. Enters Agreement to Lease for a 20 Lakh Sq. Ft. Group Housing Project in Jaipur
AI Summary
ASHIANA HOUSING LTD. has entered into an agreement to lease a 20-acre land in the Social Infrastructure Zone of Mahindra World City, Jaipur, Rajasthan. The proposed group housing project is estimated to have a saleable area of around 20 lakhs sq. ft. The lease deed will be executed within the next 90 days, subject to certain conditions precedent. This transaction is not a related party transaction and neither the parties nor Mahindra World City (Jaipur) Limited are related to the promoter/promoter group/group companies.
Key Highlights
- ASHIANA HOUSING LTD. has entered into an agreement to lease a 20-acre land in Jaipur, Rajasthan.
- The proposed group housing project is estimated to have a saleable area of around 20 lakhs sq. ft.
- The lease deed will be executed within the next 90 days, subject to certain conditions precedent.
- This transaction is not a related party transaction.
- Neither the parties nor Mahindra World City (Jaipur) Limited are related to the promoter/promoter group/group companies.