General intimation pertaining to execution of term sheet which is entered in between B-Right Realestate Ventures LLP, a subsidiary of the Company and Danchi Developers LLP for development ....
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B-Right Realestate's subsidiary, B-Right Realestate Ventures LLP, has entered into a term sheet with Danchi Developers LLP to develop an SRA (Slum Rehabilitation Authority) project in Chembur Village, Mumbai, on government land. The site spans 4,256.7 sq. metres (CTS No. 116 to 1835) and is expected to generate approximately 1,39,030 sq. ft. of total saleable area. The estimated Gross Development Value (GDV) of the project is Rs. 181 Crores. Danchi Developers holds the underlying development rights. This is an early-stage partnership announcement disclosed under SEBI Listing Regulations (Reg. 30).
The deal adds a meaningful Rs. 181 Crore GDV opportunity to the subsidiary's development pipeline, but revenue recognition depends on project execution, SRA approvals, and timelines — typical of such redevelopment projects. Near-term stock impact is likely limited as the agreement is currently only a term sheet, not a binding final development agreement.