Shraddha Prime Projects receives Commencement Certificate for 'Shraddha Paradise Enclave' Project in Mulund West, Mumbai

Shraddha Prime Projects Ltd, one of Mumbai's prominent real estate developers, is pleased to announce that it has received the Commencement Certificate (CC) for its upcoming redevelopment project, "Shraddha Paradise Enclave", located at Swapna Nagari, Nirmal Nagar-Agrawal Road, Village Mulund (West) Taluka-Kurla, in 'T' ward BMC, Mumbai 400080.

The project comprises the redevelopment of Himgiri CHS with a total RERA carpet area (residential) of approximately 1,30,000 sq. ft. and RERA carpet area (commercial) of approximately 20,000 sq. ft The project is expected to generate estimated revenues of ₹ 450 crore over the next three years.

The Company continues to strengthen its footprint as a prominent real estate developer in Mumbai, with a strong focus on residential and redevelopment projects across key suburban micromarkets. This project adds to the company's expanding redevelopment portfolio.

Commenting on this development, Mr. Sudhir Mehta, Managing Director, Shraddha Prime Projects Ltd, said: "We are glad to announce that we have received the Commencement Certificate for Shraddha Paradise Enclave project. This project is in line with our strategy to capitalize on the burgeoning redevelopment opportunities in Mumbai and furthersolidifies our presence in major micro-markets within Mumbai. Our portfolio includes a diverse range of living spaces, from premium residences to affordable housing, including slum redevelopment. Looking ahead, we shall continue to leverage our expertise to support sustainable growth."

Shraddha Paradise Enclave is strategically located in Mulund (West), a developing suburban hub with robust connectivity and growing residential demand.

Shares of Shraddha Prime Projects LTD. was last trading in BSE at Rs. 164.80 as compared to the previous close of Rs. 163.15. The total number of shares traded during the day was 37698 in over 136 trades.

The stock hit an intraday high of Rs. 171.50 and intraday low of 163.00. The net turnover during the day was Rs. 6199165.00.

Source : Equity Bulls

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