Satra Properties signs MoU for Jodhpur property

Satra Properties India Ltd has announced that the Company has signed MoU for prime Retail property in Jodhpur, India which is proposed to be named as "Satra Galleria".

The state-of-the-art shopping mall shall be located in the prime shopping area of Jodhpur and offers 150 sq ft frontage on Nayi Sadak Road, Jodhpur. Satra Galleria will be Jodhpur's one of the largest retail and entertainment complex, having potential to develop about 105,000 sq ft and will be home to Anchors, Vanilla shops, food Courts and ample car parking spaces. 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 project is said to start by September 2007 & targeted to be completed by the end of June 2009.

Satra Galleria located in the Land of endless dreams - Jodhpur, will bring out the fascinating and vibrant colors of the erstwhile capital of Marwar. It will become the model for combining signature attractions with retail to create the most visited destination in Jodhpur.

The stock was trading at Rs.763.25, up by Rs.8.95 or 1.19%. The stock hit an intraday high of Rs.771 and low of Rs.757. The total traded quantity was 5770 compared to 2 week average of 11487.

Source : Equity Bulls

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