Sumit Woods Limited Receives Full Commencement Certificate for 'SUMIT KMR PARAM' in Borivali West
Sumit Woods Limited has received the grant of a Full Commencement Certificate for its residential project, 'SUMIT KMR PARAM,' located in Borivali West. The certificate, dated July 20, 2026, allows the company to proceed with development and construction activities on the site, marking a significant milestone for the premium residential development.The receipt of the Full Commencement Certificate enables Sumit Woods Limited to commence building work in accordance with all approved plans and statutory approvals. The project is situated on plot numbers 282, 283, 284, and 293 in Borivali West. The landholdings are located on a street adjacent to an 18.30 meter wide road and a 13.40 meter wide DP Road within the R/C Ward.
'SUMIT KMR PARAM' is described as a premium residential development strategically planned for one of Mumbai’s key residential micro-markets. The project aims to offer modern residential units, supported by contemporary amenities and quality infrastructure, catering to prospective homebuyers in the area.
The commencement certificate grant pertains specifically to proposed residential building No. 1. This structure encompasses Basement + (pt.) Ground floor + (pt.) Stilt floor + 1st to 8th podium + 9th to 37th upper floors, including facilities for Residential use, LMR, OHT, and Dome, as per approved amended plans dated December 1, 2025.
The development history includes several stages of permission granted by the Municipal Corporation, showcasing the project’s evolution:
| Permit Type | Date Granted | Scope/Remark |
|---|---|---|
| Commencement Certificate (CC) | March 17, 2026 | For proposed residential Building No. 1 up to 8th podium, as per amended plans dated December 14, 2023. |
| CC Grant/Extension | July 20, 2026 | Extended for the same building, covering 9th to 37th upper floors for residential use, based on approved amended plans dated December 1, 2025. |
SUMIT Stock Price Movement
Shares of Sumit Woods Limited are edging higher to ₹52.35 as of 2:45 PM today, rallying sharply by 4.99%. The equity trades on a volume of 43,112 shares during the live market session.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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