Sri Lotus Developers Appointed for Juhu Redevelopment with ₹1,600 Crore GDV
Sri Lotus Developers will develop a commercial-retail project in Juhu, Mumbai. The project has an estimated carpet area of 3.46 lakh sq. ft. and a Gross Development Value (GDV) of ₹1,600 crore. Development is expected to commence in Q3 FY28 and take 3-4 years to complete.
The appointment for a large-scale commercial redevelopment project with a GDV of ₹1,600 crore is a material event that is likely to have a significant impact on the company's future revenue and market presence.
The announcement details a significant new development project with a high GDV, which is positive for the company's growth and market position.
Sri Lotus Developers & Realty Limited has been appointed as the Developer for a significant commercial and retail redevelopment project in Juhu, Mumbai. This project involves upgrading a prominent commercial shopping complex in a prime Juhu location.
The redevelopment will feature a premium commercial and retail space with an estimated carpet area of 3.46 lakh sq. ft. The Gross Development Value (GDV) for the project is estimated at ₹1,600 crore. Construction is slated to begin in Q3 FY28, with an expected completion timeline of 3-4 years from commencement.
This appointment is expected to enhance the company's redevelopment portfolio and strengthen its position in Mumbai's premium commercial and retail real estate market. Mr. Anand K Pandit, Chairman & Managing Director, highlighted the growing momentum in Mumbai's commercial redevelopment sector and Juhu's potential due to limited new supply, emphasizing the company's commitment to delivering value.
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Sri Lotus Developers and Realty Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sri Lotus Developers and Realty Limited. Read the original for the full detail.