Intimation under Reg 30- Entering into Redevelopment Agreement
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd has informed the BSE that it proposes to enter into a Development Agreement for a new redevelopment project. The project is for 'New Adarsh Villa Co-operative Housing Society Ltd.' located at Plot No. 192, Dr. Rajendra Prasad Road, Mulund West, Mumbai 400080, with a total plot area of 1,819.10 sq. meters. The company, formerly known as Towa Sokki Limited, is in the real estate development business. No financial details, deal value, or revenue terms have been disclosed in the filing.
This signals a new project addition to the company's pipeline, which could contribute to future revenue and order book growth. However, the absence of deal value or financial terms limits the ability to gauge the material impact on the stock.