'The Ruby' onboards Hines as Asset Manager

'The Ruby' has entered into an Agreement with Hines, the global real estate investment, development, and property manager, for Asset upgradation, Management and Marketing.

"We believe that Hines with their expertise and global exposure will add value to get 'The Ruby' Future Ready. Post receipt of renewed OC, this is the next significant step and the perfect start towards what we now call "The Ruby 2.0", said Purav Shah, CEO & Director.

In 2019, The Ruby, located on the Senapati Bapat Marg in Mumbai CBD became one of the most significant developments to transit to the current Development Control Regulations- DCPR 2034 and received a renewed Occupation Certificate (OC) last year.

The Real Estate vertical of The Ruby Mills is centered around the fundamentals of innovation, expertise, and quality. 'The Ruby' has been a landmark integrated business environment with stateof-the-art facilities like advanced infrastructure, safety and security systems and great connectivity due to its central location in Mumbai's CBD. With over a million square feet of IT-ITES and ready to move Commercial spaces, 'The Ruby' is recognised as one of the most significant developments in Mumbai, hosting prominent corporates including Ernst & Young, Axis Bank, Muthoot Home Finance, Polycab, Torrent Pharma.

Shares of The Ruby Mills Limited was last trading in BSE at Rs. 191.50 as compared to the previous close of Rs. 192.00. The total number of shares traded during the day was 1199 in over 80 trades.

The stock hit an intraday high of Rs. 197.50 and intraday low of 190.50. The net turnover during the day was Rs. 230900.00.

Source : Equity Bulls

Keywords

TheRubyMills INE301D01026 Hines AssetUpgradation Management Marketing AssetManager