Parth Construction Subsidiary Completes Agreement for Sale of Units in Ambika Nagar Project
B-Right RealEstate Limited's step-down subsidiary, M/s. Parth Construction, has entered into a significant agreement with M/s. Keystone Realtors Limited regarding the sale of FSI / PTC units within its Ambika Nagar project.The transaction involves the sale of 176 units, spanning 8,800.74 Sq meters. The total consideration for this agreement is Rs. 143,45,20,620/- (Rupees One Hundred FortyThree Crores Forty-Five Lacs Twenty Thousand Six Hundred and Twenty Only).
Project Details and Pre-Sales Momentum
The Ambika Nagar project stands as a landmark SRA redevelopment venture located in Jogeshwari East. The entire development covers over 10,223 sq. mtrs. and is strategically situated within 500 meters of the Western Express Highway.The affordable housing units (PTC) planned for this site are set for completion by March 2028.
Demonstrating strong market acceptance, the project has achieved pre-sales amounting to approximately Rs. 506.73 Crore to date. Furthermore, Phase 1 of the Ambika Nagar project has been completely sold out, underscoring the project's appeal and positive growth trajectory.
B-Right RealEstate Limited Overview
B-Right RealEstate Limited is a Mumbai-based listed social real estate development company focused on urban transformation, redevelopment, and SRA projects. The Company maintains a growing footprint across key Mumbai micro-markets through a diverse portfolio of projects.By concentrating on revitalizing existing communities and constructing modern living spaces, B-Right RealEstate Limited continues to support long-term growth while contributing to the evolving landscape of real estate in Mumbai.
Stock Price Movement
As the market closed today, shares of B-Right Realestate Ltd settled at ₹949.00, ticking down 0.63%. The stock saw intraday volatility, trading within a range that spanned from a low of ₹901.00 to an high of ₹968.00.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.
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