Oberoi Realty Ltd enters into development agreement with MHADA

Oberoi Realty Limited has today entered into a development agreement for lands situate at Aram Nagar, Versova, Andheri West, Mumbai, belonging to Maharashtra Housing and Area Development Authority (MHADA).

Based on the extant provisions of the Development Control and Promotion Regulations for Greater Mumbai, 2034, the Company expects its share of the free sale component to be approximately 17.18 lakh square feet (RERA carpet area) (excluding its share of rehab component for existing tenants) from the development of the Project Land, subject to statutory approvals and applicable regulations.

Shares of Oberoi Realty Limited was last trading in BSE at Rs. 1418.65 as compared to the previous close of Rs. 1452.65. The total number of shares traded during the day was 77778 in over 4034 trades.

The stock hit an intraday high of Rs. 1460.00 and intraday low of 1396.00. The net turnover during the day was Rs. 110336352.00.

Source : Equity Bulls

Keywords

OberoiRealty INE093I01010 DevelopmentAgreement MHADA