Suratwwala Business Group Ltd Executes Sale Deed and Development Agreement for Housing Project Redevelopment on Prabhat Road, Pune

Suratwwala Business Group Limited has executed a Sale Deed and Development Agreement-Power of Attorney (DAPA) for the redevelopment of a housing project at Prabhat road Pune. The total land area for this project is approximately 11,250 Sq. ft. The Sale Deed was executed with three individual parties from whom an aggregate 25% share of the plot/land has been purchased, while the DAPA was executed with three individual landowner parties, against agreed cash consideration and allotment of flats. The monetary consideration for the Sale Deed is INR 9,60,00,000 and INR 3, 00,00,000 for the DAPA. Additionally, three flats in the new constructed project post redevelopment will be provided under the DAPA. The expected total revenue from the project is approximately INR 100-110 Crores, subject to market conditions, pricing, and final project configuration.