Deals12 Jun 2026, 07:21 pm
Balgopal Subsidiary Secures ₹1200 Cr Redevelopment Order
AI Summary
Balgopal Commercial Ltd's wholly owned subsidiary, Esquire Real Estate & Bio-Infocom Pvt. Ltd, has received a Letter of Award from Slum Rehabilitation Authority (SRA), Mumbai. The award is for the redevelopment of a 19,967.36 sq meter land parcel in Sion Kokari Agar. The subsidiary's estimated free sale component from this project is approximately 5.87 Lakh square feet, with a Gross Market Value (GMV) of around ₹1200 crores. This development is subject to prevailing regulations and further approvals, and it represents a significant step forward for the subsidiary's ongoing development projects.
Key Highlights
- Subsidiary received SRA Letter of Award for Mumbai redevelopment.
- Project covers 19,967 sq meters land.
- Estimated free sale component valued at ₹1200 crores.
- Order is in the ordinary course of subsidiary's business.
Price Impact
More from BALGOPAL