Sumit Woods Limited Appointed Developer for Major Residential-Commercial Redevelopment in Sion West
Sumit Woods Limited has been appointed as the Most Preferred Developer for a significant redevelopment project in Mumbai's sought after Sion (West) neighborhood. The development involves "The Welfare Mansion Co-operative Housing Society Ltd.," situated at Plot No.54, Laxmibai Kelkar Marg, Near Jain Society Bus Stop in Sion (West), Mumbai 400022.The project is conceptualized as a premium residential-cum-commercial development in a prime location within Sion (West). The scope of the construction and development potential for the site is estimated at approximately 84,000 sq.ft., carrying an expected revenue potential of about 103.13 Crores.
The proposed Residential-cum-Commercial Society aims to redefine urban living by blending contemporary lifestyles with daily convenience in one of Mumbai's most established neighborhoods. The development is positioned to offer a prestigious address for both discerning homebuyers and businesses operating within the region.
Strategic Location Offers Prime Connectivity
Strategically situated on Laxmibai Kelkar Marg, the project benefits from excellent connectivity across the city. Residents will have easy access to both the Eastern Express Highway and the Sion-Bandra Link Road, facilitating seamless commuting.The location also provides close proximity to essential infrastructure, including the Sion Railway Station, which offers connections through the Central Railway network. Major commercial hubs such as Dadar, BKC, Lower Parel, Chembur, and South Mumbai are all easily reachable from the site. The development promises significant value by providing residents and commercial occupants access to major transport networks, healthcare facilities, educational institutions, and retail centers.
Sumit Woods Limited stated that further details regarding the Development Agreement related to the project will be disclosed in due course, subject to applicable laws and necessary approvals.
SUMIT Stock Price Movement
Shares of Sumit Woods Limited today shed value, closing at ₹38.54 after slipping 2.26% in post-market trading. The stock saw moderate volume, with a total traded quantity amounting to 316,748 shares.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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