Sri Lotus Developers to Redevelop Juhu Complex for ₹1600 Cr GDV
Sri Lotus Developers & Realty Ltd, through its subsidiary, has been appointed as the Developer for a significant commercial-cum-retail redevelopment project in Juhu, Mumbai. The project involves transforming a prominent shopping complex into a premium development with an estimated carpet area of 3.46 lakh sq. ft. and a Gross Development Value (GDV) of ₹1,600 crore. Construction is slated to begin in Q3 FY28, with completion expected within 3-4 years. This appointment is expected to bolster the company's redevelopment portfolio and strengthen its position in Mumbai's premium commercial real estate market. The company's CMD highlighted the growing momentum in commercial redevelopment and Juhu's potential due to limited supply.
Key Highlights
- Appointed developer for a landmark commercial redevelopment in Juhu.
- Estimated Gross Development Value (GDV) of ₹1,600 crore.
- Project to commence in Q3 FY28, completion in 3-4 years.
- Strengthens company's redevelopment portfolio in premium segment.
- Focus on unlocking value and upgrading infrastructure in prime micro-markets.
Price Impact
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