Univastu JV bags ₹90 Crore land development project in Aligarh
Univastu India Limited's Joint Venture secured a land development project in Aligarh, Uttar Pradesh. The project involves developing 25,091 sq. mtrs. under a revenue-sharing PPP model. The SPV will pay a Minimum Guaranteed Revenue of ₹90 Crore and furnish a ₹5 Crore Performance Bank Guarantee. The concession period is 96 months.
The project involves a Minimum Guaranteed Revenue of ₹90 Crore and a concession period of 96 months, indicating a substantial business opportunity for the company.
The company has announced the receipt of a significant new order/contract, which is generally positive for business growth and revenue prospects.
Univastu India Limited, as a consortium member holding a 49% share in a Joint Venture with Bootes Infrastructure Limited, has received a Letter of Award dated 9th June, 2026. The award is for the development of land owned by Aligarh Development Authority, Uttar Pradesh, under a Public Private Partnership (PPP) Model.
The project, named ‘Selection of Private Partner for Development of Prime ADA’s Land Near Soot Mill Circle, Baroula Jafrabad, Aligarh on Land Monetization framework through a Joint Development Agreement (JDA) on a Revenue-Sharing Basis’, involves the development of approximately 25,091 Sq. Mtrs. of land.
The Joint Venture will operate under a Revenue Sharing PPP Model. The Special Purpose Vehicle (SPV) to be incorporated for this project will be required to pay a Minimum Guaranteed Revenue (MGR) of ₹90.00 Crore to the Aligarh Development Authority. Additionally, the SPV must furnish a Performance Bank Guarantee of ₹5.00 Crore.
The concession period for the project is 96 months, which includes construction, sales, and operation & maintenance periods, as per the terms of the Joint Development Agreement.
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