Sri Lotus Developers and Realty Limited has informed the Exchange regarding a press release dated January 07, 2026, titled "PRESS RELEASE".
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Awaiting price reaction for this filing.
Sri Lotus Developers has signed a development agreement through its wholly-owned subsidiary Rise Root Projects Pvt. Ltd. with actor Shri Abhishek Bachchan to build an ultra-luxury, mixed-use project on freehold land in GIFT City, Gandhinagar. The project will have a built-up area of over ~1 million sq. ft., comprising premium retail, Grade-A office spaces, and high-end residential units, with a profit-sharing arrangement enabling an asset-light approach. This marks the company's first project in Gujarat and its expansion beyond its core Mumbai market, with completion expected over 4 years from launch.
Positive for shareholders — signals entry into a high-growth financial hub (GIFT City), expansion of revenue base beyond Mumbai, and leveraging celebrity brand association for marketing. The asset-light model with profit-sharing should support capital efficiency, though actual revenue impact will depend on project execution over the next several years.