Alpine Housing - BDA plan approval in process for Bangalore joint project

Regulatory Product ApprovalBusiness Updates View source PDF

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₹130.00

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AI summary

Alpine Housing informed the stock exchange that its 13 acre 8 guntas joint development project with Bharatya Urban in Bangalore is moving forward. BDA has issued a demand notice for plan approval fees. Formal plan approval and RERA approval will follow after payment. Project launch expected in 1 to 2 months. Company share is about Rs 500 crores net revenue over 4 to 5 years.

Likely market impact

Positive. Project advances toward launch with about Rs 500 crores net revenue visibility over 4-5 years.