La Tim Metal & Industries Ltd. Enters Development Agreement with ELTRIA LANDS LLP for a Gated Community Project
La Tim Metal & Industries Ltd., in continuation of the outcome of the Board Meeting dated 19th March, 2025, has entered into a development agreement with ELTRIA LANDS LLP for setting up a gated community of residential plots. The project will be developed in two phases, with the first phase covering 49.42 acres of land in Village Hedavali- Asre, Taluka Sudhagad, Dist. Raigad. The project is strategically located and offers high potential for capital appreciation and rental income. The agreement states that La Tim Metal & Industries Ltd. will prepare layout plans, detailed designs, and get them approved from appropriate authorities. The project is expected to be completed within three years from the date of receipt of initial approvals and will generate approximately 70 crores as sale proceeds from the first phase.
Key Highlights
- La Tim Metal & Industries Ltd. has entered into a development agreement with ELTRIA LANDS LLP for a gated community project.
- The project will be developed in two phases, with the first phase covering 49.42 acres of land in Village Hedavali- Asre, Taluka Sudhagad, Dist. Raigad.
- The project is strategically located and offers high potential for capital appreciation and rental income.
- The project is expected to be completed within three years from the date of receipt of initial approvals.
- The company is expected to generate revenue of approximately 70 crores as sale proceeds from the first phase.