Shradha Realty Limited Completes Sale of Three Residential Apartments for Rs 57.86 Lakh
Shradha Realty Limited executed three sale deeds on 23rd April, 2026, for residential apartments in its Abhiman Niwas project in Nagpur. The company sold three identical flats of 35.046 square meters each for Rs 19,28,800 per unit, generating total proceeds of Rs 57,86,400. All transactions were cash-based with individual buyers, and the disclosure was made in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Shradha Realty Limited has successfully completed the sale of three residential apartments in its Abhiman Niwas project located in Nagpur. The company executed three separate sale deeds on 23rd April, 2026, generating aggregate proceeds of Rs 57,86,400 from the transaction.
Property Sale Details
The company sold three identical residential units, each with a built-up area of 35.046 square meters. All apartments are located in Tower No. 01 of the Abhiman Niwas project, situated in Mauaza Isasani, Patwari Halka No. 46, Tahsil Hingna, District Nagpur. Each unit includes a 0.211% undivided share in the project land.
| Property Details: | Flat A-108 | Flat A-302 | Flat A-401 |
|---|---|---|---|
| Floor: | First Floor | Third Floor | Fourth Floor |
| Built-up Area: | 35.046 Sq. Mtrs | 35.046 Sq. Mtrs | 35.046 Sq. Mtrs |
| Sale Price: | Rs 19,28,800 | Rs 19,28,800 | Rs 19,28,800 |
| Buyers: | Alka Thakre & Krunal Thakre | Digendra Tembhare & Savitri Tembhare | Yugesh Meshram & Madhuri Meshram |
Transaction Structure
All three sales were structured as cash transactions, with each apartment sold for Rs 19,28,800. The consideration amount is inclusive of applicable taxes and duties. The buyers are individual purchasers, with each unit being acquired by couples as joint buyers.
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015. The company also adhered to its internal Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.
Company Information
Shradha Realty Limited, formerly known as Shraddha Infraprojects Limited, is incorporated under CIN L45200MH1997PLC110971. The company's registered office is located at Shraddha House, Near Shri Mohini Complex, Kingsway, Block No. SI-4, Sixth Floor, Kasturchand Park, Nagpur. The sale deed execution was overseen by Company Secretary and Compliance Officer Shrikant Huddar.
How many remaining units are unsold in the Abhiman Niwas project and what is the expected timeline for complete sellout?
Will Shradha Realty replicate this pricing strategy of Rs 55,000 per square meter for future residential projects in Nagpur?
What impact will these cash sales have on Shradha Realty's debt reduction plans and capital allocation for new project launches?
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