B-Right Realestate Secures MOU for New Residential Project in Village Parel
B-Right Realestate Limited has entered into a Memorandum of Understanding (MOU) with its step-down subsidiary, B-Right RMBD Developers LLP, concerning the development of two residential projects: Viswas Niwas 8 and Viswas Niwas 9. The project is slated for construction in Village Parel.The MOU details the scope of work for these developments, which include land parcels designated by CS No.187/74 and CS No.186/74.
According to the development plan, the project site covers a total land area of 1,081.95 Sq. Mtr. The undertaking is expected to result in an approximate Total Sales area spanning 45,760 Sq. Ft.
The financial viability of the venture has been assessed, with the Gross Development Value (GDV) of the project estimated at Rs. 179 Crores.
Key details regarding the B-Right Realestate development are summarized below:
| Detail | Information |
|---|---|
| Project Name | Viswas Niwas 8 and Viswas Niwas 9 |
| Location | Village Parel |
| Land Area | 1,081.95 Sq. Mtr. |
| Estimated Sales Area | 45,760 Sq. Ft. |
| Expected GDV | Rs. 179 Crores |
Stock Price Movement
At the close of trading today, shares of B-Right Realestate Ltd settled at ₹939.60, ticking up 0.26%. The stock saw significant intraday movement, ranging from a low of ₹909.05 to a high of ₹999.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.