Balgopal Commercial Subsidiary Signs Redevelopment Deal Worth ₹200 Cr

Balgopal Commercial Limited's wholly-owned subsidiary, M/s. Dreamax Realtors, has executed a Supplemental Development Agreement (SDA) with Oshiwara Gokul Co-Operative Housing Society Limited. The agreement pertains to the comprehensive redevelopment of a 2,531.62 sq. meter land parcel in Jogeshwari (W), Mumbai. The estimated free sale component for the company is around 51,086 square feet. The project has a broad consideration of approximately ₹200 crores and is expected to be completed within 42 months plus a 6-month grace period from the receipt of the Commencement Certificate. This SDA revises a prior Development Agreement dated June 15, 2011.