Shraddha Prime Projects Receives Commencement Certificate for 'Shraddha Phoenix' Project in Mulund, Mumbai

Shraddha Prime Projects Ltd, one of Mumbai's prominent real estate developers, is pleased to announce that it has received the Commencement Certificate (CC) for its upcoming redevelopment project, "Shraddha Phoenix", located at Vidyalaya Marg, Mahakali Nagar, Village Mulund (East).

The project comprises the redevelopment of Siddhivinayak Welfare SRA CHS (Prop) and Uttar Bhartiya Residents SRA CHS, with a total RERA carpet area (residential) of approximately 75,355.64 sq. ft. The project is expected to generate estimated revenues of ~₹150 crore over the next three years.

Shraddha Prime Projects Ltd has established itself as a prominent real estate developer in Mumbai, with a strong focus on residential and redevelopment projects across key suburban micromarkets.

Commenting on the development, Mr. Sudhir Mehta, Managing Director, Shraddha Prime Projects Ltd, said: "We are pleased to receive the Commencement Certificate for our Shraddha Phoenix project. This milestone aligns with our continued focus on redevelopment opportunities in Mumbai and strengthens our presence in key micro-markets such as Mulund. We continue to offer a diverse range of homes, from high-end residences to affordable housing, including slum redevelopment. As we look ahead, we are confident in our capacity to sustain this momentum."

Shraddha Phoenix is strategically located in Mulund (East), a rapidly developing suburban hub with strong connectivity and growing residential demand. The project further reinforces the company's strategy of expanding its redevelopment portfolio and capitalising on highpotential urban locations.

Shares of Shraddha Prime Projects LTD. was last trading in BSE at Rs. 166.55 as compared to the previous close of Rs. 165.50. The total number of shares traded during the day was 43139 in over 190 trades.

The stock hit an intraday high of Rs. 173.90 and intraday low of 165.05. The net turnover during the day was Rs. 7211836.00.

Source : Equity Bulls

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