Sumit Woods Limited has informed the Exchange about General Updates
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Sumit Woods Limited's subsidiary, Sumit Hills Private Limited, has signed a Development Agreement for the redevelopment of Nav Vidya Laxmi CHSL in Mahim, Mumbai, combined with Brothers CHSL (Bhatia Building). The project is a super-premium residential development offering 2 BHK and 3 BHK apartments, with an approximate free sale FSI area of 1,70,000 square feet. The estimated project value is around ₹737 Crores. This is a continuation of an earlier announcement dated 1st April 2025 and is being disclosed under SEBI Listing Regulations.
This is a significant new project win for the company's subsidiary, adding a sizeable residential redevelopment project to its pipeline. For shareholders, this strengthens the company's order book and future revenue visibility in the Mumbai real estate redevelopment space, though execution and timeline risks remain.