IITL Projects Invests Up To ₹10 Cr in Township Project

IITL Projects Limited has entered into a Strategic Investment Agreement with Kaamag Private Limited and Maayin’s Real Estate Private Limited for a proposed integrated residential township project in Mathura, Uttar Pradesh. The company proposes to invest up to ₹10 crores in one or more tranches. In consideration, IITL Projects will receive a saleable area of 2,400 square yards, calculated at 800 square yards per acre over 3 acres of the project land. The agreement specifies a sale period from September 30, 2026, to March 31, 2028, with a minimum sale price of ₹50,000 per square yard. IITL Projects is entitled to sale proceeds from this area and a minimum return of ₹12 crores, jointly and severally ensured by the Land Owners. The Land Owners will deposit original title deeds as security. The agreement does not grant IITL Projects any shareholding, board representation, or control over the Land Owners' capital structure. The transaction is not with related parties and is conducted at arm's length.