Dreamax Buildtech Pvt Ltd enters into JDA with Aakshya Ara Developers LLP

Dreamax Buildtech Private Limited, a wholly owned subsidiary of Balgopal Commercial Limited ("the Company"), has entered into a Joint Development Agreement ("JDA") on March 12, 2026 with Aakshya Ara Developers LLP.

The said JDA has been entered into between the above-mentioned entities for the joint development of a real estate project on the land owned/controlled by Dreamax Buildtech Private Limited, wherein Aakshya Ara Developers LLP shall undertake development, construction, marketing and sale of the project, and the revenue / developed area from the project shall be shared between the parties in accordance with the terms and conditions of the Joint Development Agreement, subject to receipt of necessary approvals from the relevant statutory authorities, wherever applicable.

The JDA has been entered to give development rights in respect of immovable property measuring 3770.80 square metres bearing Survey No. 292 (part) and bearing C.T.S No. 639 of Village Kurla, Taluka Kurla in Mumbai Suburban District at GTB Nagar, Lalbaug, Mumbai - 400022.

The Joint venture ratio between Dreamax Buildtech Pvt Ltd and Aakshya Ara Developers LLP is 40:60.

Shares of Balgopal Commercial Ltd was last trading in BSE at Rs. 167.90 as compared to the previous close of Rs. 172.00. The total number of shares traded during the day was 97 in over 7 trades.

The stock hit an intraday high of Rs. 168.45 and intraday low of 161.00. The net turnover during the day was Rs. 15720.00.

Source : Equity Bulls

Keywords

BalgopalCommercial INE119R01014 JDA DreamxBuildtech AakshyaAraDevelopersLLP