Business Update29 Aug 2024, 11:38 pm
Cinevista Ltd. Receives All Permissions for Joint Development Agreement with K. Raheja Corp. Real Estate
AI Summary
Cinevista Ltd. has announced that all necessary permissions have been acquired by K. Raheja Corp. Real Estate Private Limited for the commencement of development under a joint development agreement. The residential project, titled 'ANTARES', will see sales for Tower 'A' beginning soon, with Tower 'B' sales to follow at a later stage. This disclosure is in compliance with SEBI regulations and follows the registration of the joint development agreement on May 29, 2023.
Key Highlights
- Cinevista Ltd. and K. Raheja Corp. Real Estate Private Limited have acquired all necessary permissions for their joint development agreement.
- The residential project, 'ANTARES', is being developed by K. Raheja Corps. Homes.
- Sales for Tower 'A' of the project will begin soon.
- Tower 'B' sales will be taken up at a later stage.
- This disclosure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.