Subsidiary secures Rs 212 Cr redevelopment project
B-Right Realestate Limited's step-down subsidiary, B-Right Bombay Highlines Developers Private Limited, has been appointed for the redevelopment of Mangalya Co-Operative Housing Society Limited in Mahim West, Mumbai. The project spans 1,323.95 Sq. Mtr. and has an expected GDV of Rs 212 Crores, impacting 24 families.

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B-Right Realestate Limited has disclosed the appointment of its step-down subsidiary for a significant redevelopment venture. M/s. B-Right Bombay Highlines Developers Private Limited has been selected to undertake the proposed redevelopment of the Mangalya Co-Operative Housing Society Limited. The society is located in Mahim West, Mumbai, and the project aims to uplift the lifestyle of 24 families.
Project Details
The redevelopment project covers a land area of 1,323.95 Sq. Mtr. The financial scope of the project is substantial, with an expected Gross Development Value (GDV) of approximately Rs 212 Crores. This development represents a strategic expansion for the company's portfolio in the Mumbai real estate market.
| Project Parameter | Details |
|---|---|
| Project Location | Mahim West, Mumbai |
| Land Area | 1,323.95 Sq. Mtr. |
| Expected GDV | Rs 212 Crores |
| Beneficiary Families | 24 |
The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the stock exchanges regarding this development, which is expected to contribute positively to its future revenue streams.
Historical Stock Returns for B Right Realestate
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.57% | -3.59% | -2.19% | +134.27% | +147.24% | +510.39% |
What is the expected timeline for completion of the Mangalya Co-Operative Housing Society redevelopment, and how will it impact B-Right Realestate's near-term revenue recognition?
Are there additional co-operative housing society redevelopment projects in Mumbai's pipeline that B-Right Realestate is targeting to expand its portfolio beyond this Rs 212 Crore GDV project?
How might rising construction costs and potential regulatory delays in Mumbai's redevelopment sector affect the projected GDV and profit margins for this Mahim West project?


































