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Satra Properties acquires property in Jodhpur

Posted On: 2008-03-25 02:40:47

Satra Properties India Ltd has announced that the Company has signed DEED OF ASSIGNMENT for prime Retail property in Jodhpur Rajasthan.

The state-of-the-art shopping mall is located in the prime shopping destination of Jodhpur. The proposed mall will be home to Anchor Store, Food Courts, Restaurants and 4 screen multiplex which shall create a delightful shopping ambience and entertainment experience. The 200 sq ft frontage on Nayi Sadak Road, Jodhpur will be city's one of the largest retail and entertainment complex, having potential to develop Saleable Area of approx. 1,21,000 sq ft generating approx. revenue of Rs 133.78 Crores. The Mall is planned to provide business opportunity & offers international retail and entertainment facility to enhance shopping pleasure in the historic City of Jodhpur. The construction work on the said project is started in full swing and expected to be completed within a period of 18 to 20 months.

The stock was trading at Rs.81.10, up by Rs.7.80 or 10.64%. The stock hit an intraday high of Rs.83.50 and low of Rs.72.

The total traded quantity was 84615 compared to 2 week average of 94567.

Source: Equity Bulls

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