Deals15 May 2025, 02:33 pm
Shraddha Prime Projects Ltd Receives IOD for Largest Redevelopment Project SHRADDHA PARADISE ENCLAVE in Mulund West
AI Summary
Shraddha Prime Projects Ltd has announced the receipt of Intimation of Disapproval (IOD) for its largest redevelopment project, SHRADDHA PARADISE ENCLAVE, in Mulund West, Central Suburbs. The project, which is expected to generate revenue of approximately Rs. 420 Crores in the next 5 years, will be developed as a multi-storied high-rise tower under the 33(11) Scheme, offering modern living standards. The project, with a carpet area of over 1,28,921 sq. ft. for residential purposes and 29,588 sq. ft. for commercial purposes, is in line with the company's mission to develop distinguished properties.
Key Highlights
- Shraddha Prime Projects Ltd receives IOD for its largest redevelopment project, SHRADDHA PARADISE ENCLAVE, in Mulund West.
- The project, with a carpet area of over 1,28,921 sq. ft. for residential purposes and 29,588 sq. ft. for commercial purposes, is expected to generate revenue of approximately Rs. 420 Crores in the next 5 years.
- The project will be developed as a multi-storied high-rise tower under the 33(11) Scheme, offering modern living standards.
- The project is in line with the company's mission to develop distinguished properties.
- The project is expected to offer additional benefits by way of higher FSI due to development as per Development Control Planning Regulation (DCPR) 2034.