Emerald Leisures Ltd Makes Strides in Real Estate Business with New Plot Acquisition and Development Plan

Emerald Leisures Ltd, a company based in Mumbai, India, is making significant progress in its real estate business. The company has successfully acquired an adjoining plot, number 366/5, from MENA Co-op Housing Society, which has been transferred in its name. A common development plan has been prepared for both plot 366/5 and the company's existing plot 366/6, with an application made to various authorities for necessary permissions. The feasibility report suggests approximately 25000-28000 sq.mt. of saleable FSI potential. The company expects to obtain all other necessary permissions and financial closure in the next two quarters of FY 2025-26, with plans to commence work for development of the plots immediately thereafter.