Shradha Realty LLP Signs Agreement to Acquire Nagpur Property for Real Estate Development
Shradha Realty Limited, through its subsidiary Raghukul Shradha Realty LLP, has executed an agreement to sell for the acquisition of a property located in Nagpur. The purchase is intended for the entity's real estate development activities.Raghukul Shradha Realty LLP, which is a step-down subsidiary of Shradha Realty Limited through Active Infrastructures Limited and Achievers Ventures Private Limited, is set to acquire an immovable asset situated at Nagpur Improvement Trust Leasehold Plot No. 25 in Civil Station Expansion Scheme, Mashruwala Marg, Cement Road, Shivaji Nagar, Nagpur. The property includes the existing residential structure standing on the plot.
The total consideration for the proposed acquisition is ₹17,85,60,000/- (Rupees Seventeen Crore Eighty Five Lakh Sixty Thousand Only). This amount excludes applicable stamp duty, registration charges, and other incidental expenses.
The transaction involves Raghukul Shradha Realty LLP as the purchaser, dealing with Sellers Udayan Govindrao Shrouti, Smt. Anita Udayan Shrouti, Shri Chidanand Udayan Shrouti, and Kumari Abhipsa Udayan Shrouti. The acquisition aligns with the LLP's objectives for undertaking real estate development in the area.
The completion of the acquisition is contingent upon the fulfillment of all terms and conditions stipulated within the Agreement to Sell and the execution of necessary transfer and conveyance documents.
Key details regarding this property acquisition are summarized below:
| Detail | Description |
|---|---|
| Purchaser | Raghukul Shradha Realty LLP (Step-down subsidiary of Shradha Realty Limited) |
| Sellers/Vendors | Shri Udayan Govindrao Shrouti and family members |
| Property Location | Nagpur Improvement Trust Leasehold Plot No. 25, Shivaji Nagar, Nagpur |
| Total Consideration | ₹17,85,60,000/- (exclusive of duties and charges) |
| Purpose | Real estate development and activities |
The agreement details also confirmed that the sellers are not related to the Promoter, Promoter Group, or Group Companies of Shradha Realty Limited. Furthermore, the transaction is not considered a Related Party Transaction under applicable regulations.
SHRADHA Stock Price Movement
Today, shares of Shradha Realty Limited edged higher to close at ₹34.79, marking a gain of 0.84%. The stock traded a total of 14,478 shares during the session, staying within an intraday range defined by a low of ₹34.25 and a high of ₹35.00.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.