Intimation under Reg. 30- The Developer has received the CC ( Commencement Certificate) for its new project Shraddha Phoenix
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Shraddha Prime Projects Ltd has received the Commencement Certificate (CC) for its new SRA redevelopment project 'Shraddha Phoenix' in Mulund East, Mumbai. The project involves redevelopment of two societies — Siddhivinayak Welfare SRA CHS and Uttar Bhartiya Residents SRA CHS — with a total RERA carpet area of approximately 75,355.64 sq. ft. The company expects the project to generate revenues of around Rs. 150 crore over the next three years. This CC marks the official start of construction for this residential redevelopment project.
Receipt of the CC is a positive regulatory milestone confirming the project can now move to active construction phase, providing revenue visibility for the next three years. The ~Rs. 150 crore revenue potential strengthens Shraddha Prime's order pipeline in the Mumbai real estate market.