Hampton Sky Subsidiary Signs MoU for Mixed-Use Development Project in Ludhiana

Hampton Sky Subsidiary Signs MoU for Mixed-Use Development Project in Ludhiana​

Hampton Sky Realty Ltd, through its wholly owned subsidiary Hampton Sky Hospitality Private Limited (HSHPL), has entered into a Memorandum of Understanding (MoU) for a large-scale mixed-use joint development project in Ludhiana. The MoU was executed on April 13, 2026, involving multiple private parties and developer firms.

The MoU establishes a framework for the joint development of contiguous parcels of land, which are located in Village Gahour, Baddowal and Karimpura, Sub-Tehsil Mullanpur Dakha, Ludhiana. The proposed development, referred to as the Proposed Project, aims to incorporate residential plotting, partial built-up residential units, and commercial components, including shops and shop-cum-offices.

The parties involved in this collaboration are Mr. Manjit Kumar, Ms. Saroj Rani, Mr. Ankit Arora, Mr. Arpit Arora, Ms. Isha Arora, Mr. Jasdeep Singh, Mr. Amarjeet Singh, Ms. Sakshi Arora, M/s Sopan Bagh Developers, and Soopan Bagh Developers Private Limited, collectively referred to as the 'Parties'.

Key Financial Commitments

Under the terms of the MoU, HSHPL provided a Refundable Security Deposit (RSD) totaling Rs. 5,00,00,000/-. The deposit is disbursed to the respective parties as follows:


The MoU also stipulates that an additional sum of Rs. 5,00,00,000/- will be payable upon the registration of the Project Land. The RSD is fully refundable (without interest) if the Proposed Project does not proceed, subject to the MoU terms.

Development Framework and Timelines

The Parties intend to proceed toward a definitive Joint Development Agreement or Collaboration Agreement, outlining the future joint development of the Project Land.

Significant terms of the MoU include the requirement that the joint development obligation becomes binding only upon the consolidation of a minimum amount of land with clear and marketable title on or before the Long Stop Date, which is set as December 15, 2026.

HSHPL retains the right to require the execution of the definitive agreements even before this minimum consolidation threshold is achieved. Furthermore, all land acquisition post-MoU execution must be undertaken in the name of the designated entity, Soopan Bagh Developers Private Limited.

The parties are prohibited from negotiating with any third-party developer regarding the Project Land during the MoU period and until the full settlement or refund of the RSD. The proposed development structure will be undertaken through a Special Purpose Vehicle (SPV) or another joint development model mutually agreed upon by all parties.

Stock Price Movement​

At the close of trade on Friday, shares of Hampton Sky Realty Ltd settled at ₹10.97, shedding 8.58%. The stock saw considerable intraday movement, ranging between a low of ₹10.80 and a high of ₹11.80.

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