RVHL: RERA Licenses Obtained for Affordable Residential Colony Project
Ravinder Heights Limited's WOS, Radhika Heights, secures HARERA licenses for affordable residential projects 'Bestech City 1 & 2' in collaboration with Bestech India in Gurugram under the DDJAY scheme.
The RERA licenses allow the company to proceed with significant real estate projects, which can have a moderate impact on its business and revenue.
The announcement conveys positive news regarding the acquisition of RERA licenses, which enables the company to proceed with its affordable residential colony projects.
* Radhika Heights Limited, a WOS of Ravinder Heights Limited, along with its subsidiaries and in collaboration with Bestech India Private Limited, has obtained HARERA License No. RC/HARERA/GGM/730/462/2023/74. * The license is for setting up an affordable residential plotted colony under the DDJAY scheme. * The project, named "Bestech City 1 - a Joint development of Bestech and Ravinder Heights Limited Group", spans 39.43125 acres in Harsaru, Sector-89A, Gurugram, Haryana. * Radhika Heights Limited along with its subsidiaries and in collaboration with M/s Bestech India Private Limited has obtained HA RERA License No. RC/HARERA/GGM/730/462/2023/74 for "Bestech City 2 - a Joint development of Bestech and Ravinder Heights Limited Group” spanning 12.3812 acres in the same location.
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Ravinder Heights Limited filed this with the NSE as a statutory disclosure, categorised under press release. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ravinder Heights Limited. Read the original for the full detail.