Brief details of the project 25 South, proposed to be amalgamated pursuant to the Scheme of Arrangement approved by the Board today i.e. 26th August 2025.
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Hubtown Limited's Board has approved a Scheme of Arrangement to amalgamate 25 South Realty Limited (which owns the '25 South' project) into the listed company. The project is a premium ~5.5 acre freehold development in Prabhadevi, Mumbai, located near Siddhivinayak Temple and Mahim Bay, with about 1 million sq ft of saleable area across 3 towers. One tower is already completed and handed over, while the other two are in advanced construction stages with completion expected by FY27. The project is 93% sold and features ultra-luxury 3, 4, 5 BHK and penthouse units designed by Hafeez Contractor. The amalgamation will consolidate this high-value, largely sold-out project directly under the listed entity, strengthening Hubtown's premium real estate portfolio.
This is a positive corporate action for shareholders as it brings a near-completed, 93% sold luxury project with strong revenue visibility into the listed company. The amalgamation should enhance Hubtown's asset base and earnings potential, though swap ratio and final NCLT approvals are still awaited.