Joint Venture13 Nov 2025, 05:58 pm
ATV Projects India Ltd Approves MoU with Shri Vrinda Infracon for Land Development
AI Summary
ATV Projects India Ltd has approved a Memorandum of Understanding (MoU) along with a Term Sheet with Shri Vrinda Infracon Private Limited for the development of 3.29 acres of unutilized surplus land situated at Mathura. The total consideration for this development is Rs. 47,75,40,000. The development will operate on a 50:50 profit-sharing ratio, with both parties sharing the net sale proceeds after recovering the land cost.
Key Highlights
- ATV Projects India Ltd has ratified and approved an MoU with Shri Vrinda Infracon Private Limited for land development.
- The land, situated at Mathura, is unutilized surplus land and has a total consideration of Rs. 47,75,40,000.
- The development will operate on a 50:50 profit-sharing ratio.
- Both parties will share the net sale proceeds after recovering the land cost.
- The Development agreement is yet to be executed with the Developer.