General intimation pertaining to appointment for the re-development of new business project.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
B-Right Realestate Limited has been appointed for the re-development of the 'Merry Building Welfare Society' located on Turel Pakhadi Road, Malad (West), Mumbai. The project covers a land area of 1,111 sq. metres and is expected to yield a total saleable area of 33,158 sq. ft. The expected Gross Development Value (GDV) of the project is Rs. 93.56 crores. The disclosure was made to the BSE under Regulation 30 of the SEBI Listing Regulations. The filing is signed by the Company Secretary & Compliance Officer.
This is a new business win for the company, adding a Rs. 93.56 crore GDV project to its pipeline, which could support future revenue and earnings visibility for shareholders. The actual impact on the stock will depend on the company's execution timeline, margin profile, and whether this project materially expands its order book.