Disclosure Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015
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B-Right Realestate has been appointed to redevelop the Sharda Shri Co-Operative Housing Society located in Dahisar East, Mumbai. The project covers a land area of 500 sq. mtr. and is expected to yield a total saleable area of 7,500 sq. ft. with an estimated Gross Development Value (GDV) of ₹22 crores. The site is adjacent to an earlier redevelopment project (Lovely Cosy CHS Ltd.), and once amalgamated, the combined layout will span 2,173 sq. mtr. with a total saleable area of 29,700 sq. ft. and an aggregate GDV of ₹72 crores.
This adds a new redevelopment project to the company's pipeline, modestly expanding its Mumbai real estate portfolio. For shareholders, the ₹22 crore new project and combined ₹72 crore GDV provide incremental revenue visibility, though execution timelines and actual realization will determine real value.