Acquisitions17 Nov 2025, 06:44 pm
Shraddha Prime Projects Acquires Development Rights and Lands in Borivali, Dadar, and Bhandup for INR 1200 Crores
AI Summary
Shraddha Prime Projects Ltd has acquired development rights of lands in Borivali East, Dadar West, and Bhandup Nahur, Mumbai. The Borivali project is expected to yield a carpet area of approximately 2,00,000 sq. ft. with an estimated GDV of INR 400 crores. The Dadar project is expected to yield a carpet area of approximately 70,000 sq. ft., with an estimated GDV of INR 500 crores. The Bhandup project is expected to yield a carpet area of approximately 1,50,000 sq. ft. with an estimated GDV of INR 300 crores. This development aligns with the company's vision of creating superior properties and is expected to boost the company's overall performance with an estimated aggregate GDV of INR 1200 Crores.
Key Highlights
- Acquisition of development rights of a land parcel in Borivali East, Mumbai with an estimated GDV of INR 400 crores.
- Acquisition of development rights of a land parcel in Dadar West, Mumbai with an estimated GDV of INR 500 crores.
- Purchase of a land parcel in Bhandup Nahur, Mumbai with an estimated GDV of INR 300 crores.
- Expected aggregate GDV of INR 1200 Crores.
- Expansion of the company's development portfolio across key areas of Mumbai.