Joint Venture21 Jan 2026, 06:34 pm
Super Spinning Mills Ltd Enters Joint Venture Agreement with Srivari Commercial Spaces LLP for Property Development
AI Summary
Super Spinning Mills Ltd has executed a Joint Development Agreement with Srivari Commercial Spaces LLP for the development of their property situated at 'Elgi Towers’ in Coimbatore into a commercial development. The agreement was entered with the consent of all three owners, and the developer will bear the entire cost of construction, development, and maintenance. The constructed area will be shared between the owner and the developer in a specific manner.
Key Highlights
- Super Spinning Mills Ltd has entered into a Joint Development Agreement with Srivari Commercial Spaces LLP.
- The property is located at 'Elgi Towers’ in Coimbatore and will be developed into a commercial development.
- The agreement was entered with the consent of all three owners.
- The developer will bear the entire cost of construction, development, and maintenance.
- The constructed area will be shared between the owner and the developer in a specific manner.