Shraddha Prime Projects Ltd appointed as Developer for premier projects in Mulund West

Shraddha Prime Projects Limited ('Shraddha Prime' or 'the Company') has been appointed as the developer for the premier societies located at Goshala Road, Mulund West. The project encompasses a total land area of approximately 5,865 square metres, showcasing the scale and vision of this upcoming venture. The project includes a multi-storied tower, designed to meet the evolving needs and aspirations of modern living.

This appointment comes through a resolution passed by the concerned societies, marking a significant milestone for both the developer and the project stakeholders. The project will commence in this financial year.

Commenting on this development, Mr. Sudhir B. Mehta, Managing Director said, "We are focusing on prime locations in Mulund (Eastern segment of Mumbai) and Goshala Road is one of the prime locations. Developing a portfolio of prime localities will help our company to have higher margins with quick sales velocity. With our existing infrastructure in Mulund West, we would be able to execute such projects in planned and phased manner.

Shraddha Prime is committed to scale up development in prime locations of Mumbai which will strengthen the financial performance of the company."

Shares of Shraddha Prime Projects LTD. was last trading in BSE at Rs. 172.40 as compared to the previous close of Rs. 169.65. The total number of shares traded during the day was 7563 in over 60 trades.

The stock hit an intraday high of Rs. 176.45 and intraday low of 170.00. The net turnover during the day was Rs. 1296701.00.

Source : Equity Bulls

Keywords

ShraddhaPrimeProjects INE311M01018 Developer NewProjects MulundWest