Mumbai, December 31, 2025 Sumit Woods Limited (NSE: SUMIT) announced the signing of a development agreement for a super-premium residential redevelopment project in Mahim, Mumbai, marking a significant addition to its redevelopment portfolio. The announcement coincided with sharp buying interest in the company’s equity shares during Tuesday’s trading session.
Project Details and Scope
The redevelopment project will be executed through Sumit Hills Private Limited, a wholly owned subsidiary of Sumit Woods Limited. The project involves the redevelopment of Nav Vidya Laxmi CHSL, located at Lt. P. N. Kotnis Path near RBI Quarters, Mahim, Mumbai. The development is a composite project along with Brothers CHSL (Bhatia Building).The proposed project is planned as a super-premium residential development comprising 2 BHK and 3 BHK apartments.
Key project metrics are as follows:
| Particulars | Details |
|---|---|
| Location | Mahim, Mumbai |
| Project Type | Super-premium residential redevelopment |
| Apartment Configuration | 2 BHK and 3 BHK |
| Approximate Free Sale FSI Area | 1,70,000 sq. ft. |
| Estimated Project Value | ₹737 crore |
Strategic Context
The Mahim redevelopment project adds scale and visibility to Sumit Woods’ ongoing focus on urban redevelopment opportunities in Mumbai. The sizeable free-sale component and premium positioning are expected to enhance the company’s project pipeline in the medium term, subject to execution timelines and approvals.Share Price Movement
Sumit Woods shares witnessed strong intraday momentum following the announcement.As of December 31, 2025, 1:22 PM IST, the stock was trading at ₹70.99, up ₹9.78 or 15.98 percent from the previous close of ₹61.21.
Intraday price action showed:
- Open: ₹62.50
- High: ₹72.00
- Low: ₹62.42
- VWAP: ₹66.80
About the Company
Sumit Woods Limited is a Mumbai-based real estate developer primarily engaged in residential redevelopment and construction projects. The company focuses on redevelopment of housing societies and urban projects across key locations in Mumbai. Sumit Woods is listed on the National Stock Exchange of India under the symbol SUMIT.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.