real estate developers Shriram Properties today zoomed 6.8% to their intraday high of Rs 111.4 on the BSE after signing a joint development agreement for a 6-acres prime land in Pune.
“Shriram Properties Limited (“SPL”), one of the leading residential real estate developers in South India, has signed a Joint Development Agreement for a 6-acres prime land, nestled in the upcoming micro markets of Undri in Pune,” said the company in a filing to the exchanges.
The company intends a mixed-use development, comprising of 650+ apartments and some retail/commercial spaces with an aggregate saleable area of over 1.0 msf, to be developed over the next 4 years.
The project has an aggregate revenue potential of approximately Rs 700-750 crores and is targeted to be launched during H2-FY25.
The company has informed that the project will also come with an option for the development of an additional 8 acres, predominantly retail and commercial for which, the company is in the final stages of securing development rights.
Stock Trading
Candlesticks Made Easy: Candlestick Pattern Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Technical Trading Made Easy: Online Certification Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Mastering Options Selling: Advanced Strategies for Success
By — CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A &