La Tim Metal & Industries Ltd. to Develop 150 Acres Land with Eltra Lands LLP for Commercial Purpose

La Tim Metal & Industries Ltd. held a Board meeting on 19th March 2025, where they approved entering into an MOU with Eltra Lands LLP for the development of 150 acres of land at Khopoli for commercial purposes, mostly for plotting for second homes in a phase-wise manner. The first phase of the development will be on 2,30,679 square meters of land over a period of 3 years. La Tim will receive a refundable security deposit of INR 8,00,00,000 from the developers. The developers will be responsible for obtaining sanctions, planning, conceptualizing, landscaping, and preparing designs. They will also handle marketing, sales, and branding activities. The estimated revenue from the first phase is Rs. 70 crores. The revenue shares for the owners and developers are based on the base rate plus infrastructure charges.