B-Right Realestate Subsidiary Restarts Stalled Housing Project with United Commercial Bank Employees Co-Operative Housing Society Limited

B-Right RMBD Realtors Private Limited, a step-down subsidiary of B-Right Realestate Limited, has entered into a Development Agreement with United Commercial Bank Employees Co-Operative Housing Society Limited to restart and complete a long-pending redevelopment project in Andheri West, Mumbai. The project, originally launched in 2015, was stalled for over a decade, leaving 33 families in unsafe living conditions and mounting rental costs. B-Right has resolved the situation by settling with previous developers, investors, and existing members. The project, which covers approximately 2,260 sq. mtrs, is estimated to have a Gross Development Value (GDV) / Revenue of Rs. 256 Crore. This move not only resolves a stalled housing project and creates social impact but also contributes to the enhancement of urban housing infrastructure in Andheri West.