Oberoi Realty Ltd enters into Development agreement for redevelopment of lands

Oberoi Realty Limited has entered into a Development Agreement with two adjacent housing societies situated at M.L. Dahanukar Marg, and Dr. G. Deskhmukh Marg, Peddar Road, Mumbai for redevelopment of lands admeasuring in aggregate ~4,800 square meters (subject to set-back areas).

The Company's entitlement of free sale component from the project is estimated to be upto 1.40 lakh square feet (RERA Carpet area), subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law.

Shares of Oberoi Realty Limited was last trading in BSE at Rs. 1417.10 as compared to the previous close of Rs. 1459.20. The total number of shares traded during the day was 21456 in over 2713 trades.

The stock hit an intraday high of Rs. 1472.70 and intraday low of 1406.30. The net turnover during the day was Rs. 30969325.00.

Source : Equity Bulls

Keywords

OberoiRealty INE093I01010 DevelopmentAgreement Redevelopment