Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update on commencement of redevelopment project undertaken by the Company.
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Zodiac Ventures has announced the commencement of a society redevelopment project at Shri Guruchhaya, Tejpal Scheme Road No. 2, Vile Parle (East), Mumbai, with construction set to begin on 14th July 2025. The project is expected to generate estimated sales of Rs. 110 crores and will primarily feature residential 1, 2 and 3 BHK apartments with a total carpet area of around 33,000 sq. ft. The estimated completion timeline is two and a half years. The company has stated it aims to build a stronger presence in the suburban Mumbai redevelopment sector and will share further progress updates in due course.
The Rs. 110 crore estimated sales value represents a meaningful revenue opportunity for the small-cap company, but execution risk over the 2.5-year timeline and dependence on real estate market conditions in Vile Parle will be key factors for shareholders to watch.