Shraddha Prime Projects Ltd launches 'SHRADDHA PARADISE', redevelopment project in Borivali West

Shraddha Prime Projects Limited one of the largest redevelopments in western suburbs - Borivali West, having carpet area for sale over 1,48,000 square feet with a potential to generate revenue of Rs 400 crores in next 3 years.

The company is redeveloping a sprawling residential project in one of the prime locations of Borivali West.

Commenting on this development, Mr. Sudhir B. Mehta, Managing Director said, "We are focused to enter and expand development in western suburbs of Mumbai. Borivali has been the new hub and epicentre of development with huge demand for residential flats. The acquisition of this project in Borivali is a big achievement for the company. The land parcel of this redevelopment project sprawls to over 2 acres and is set to touch the new skyline of Borivali West.

The project is named as "SHRADDHA PARADISE" and full Intimation of Disapproval (IOD) has been taken for the project along with Plinth Commencement Certificate. This landmark project has the potential to develop 1,48,000 square feet of sale area and is expected to generate potential revenues of over Rs 400 crores in the coming 3 years. The work has commenced on site and the completion of plinth work is in process. We have launched the project for sale and bookings have commenced. This project is set to achieve a new jewel in the crown of Shraddha Prime Projects Limited and will strengthen our financial performance over the coming quarters."

Shares of Shraddha Prime Projects Limited was last trading in BSE at Rs. 62.52 as compared to the previous close of Rs. 59.55. The total number of shares traded during the day was 3706 in over 10 trades.

The stock hit an intraday high of Rs. 62.52 and intraday low of 62.52. The net turnover during the day was Rs. 231699.00.

Source : Equity Bulls

Keywords

ShraddhaPrimeProjects INE311M01018 ShraddhaParadise RedevelopmentProject BorivaliWest