Shraddha Prime Projects Ltd receives IOD for its project 'Shraddha Paradise Enclave'

Shraddha Prime Projects Limited (Formerly Towa Sokki Limited) announces receipt of IOD (Intimation of Disapproval) for one of its largest redevelopments project "SHRADDHA PARADISE ENCLAVE" in Central Suburbs - Mulund West, having Carpet Area of over Residential - 1,28,921 Sq. Ft. & Commercial - 29,588 Sq. Ft with a potential to generate revenue of approximate Rs. 420 Crores in the next 5 Years.

This project will be a multi-storied high-rise tower and shall be developed as per Development Control Planning Regulation (DCPR) 2034, under 33(11) Scheme which will fetch additional benefits by way of higher FSI for the Project.

The project is in line with the Company's mission to develop distinguished properties that offer modern living standards. With a firm dedication to excellence and client fulfillment, the Company looks forward with enthusiasm to the completion of this project.

Shares of Shraddha Prime Projects Limited was last trading in BSE at Rs. 160.05 as compared to the previous close of Rs. 154.40. The total number of shares traded during the day was 47739 in over 263 trades.

The stock hit an intraday high of Rs. 162.10 and intraday low of 156.20. The net turnover during the day was Rs. 7714966.00.

Source : Equity Bulls

Keywords

ShraddhaPrimeProjects INE311M01018 IOD ShraddhaParadiseEnclave RedevelopmentProject