B Right Realestate Limited has announced a significant development in Mumbai's real estate sector, with its step-down subsidiary, B-Right RMBD Realtors Private Limited, entering into a crucial agreement to revive a long-stalled housing project.

Project Details

The subsidiary has signed a development agreement with United Commercial Bank Employees Co-Operative Housing Society Limited to redevelop a housing project in Andheri West. This project, originally launched in 2015, had been at a standstill for over a decade, affecting 33 families who were living in unsafe conditions and facing mounting rental costs.

Key Aspects of the Agreement

Resolution and Impact

B-Right RMBD Realtors has successfully negotiated settlements with previous developers, investors, and existing members to restart the redevelopment project. This move is expected to provide long-awaited relief to the society members and contribute to the enhancement of urban housing infrastructure in Andheri West.

Regulatory Compliance

The company disclosed this development to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated November 4, 2025, follows an earlier related disclosure made on March 6, 2025.

Significance of the Project

This redevelopment initiative carries substantial social impact. It not only resolves a stalled housing project but also aims to revive community confidence in the area. By addressing the needs of families who have been waiting for over a decade, B-Right Realestate, through its subsidiary, is taking a step towards fulfilling its corporate social responsibility while potentially creating value for its stakeholders.

The revival of this project underscores the challenges faced in urban redevelopment and highlights the role that real estate companies can play in resolving long-standing housing issues in metropolitan areas like Mumbai.

B Right Realestate Limited's step-down subsidiary, Parth Construction, has entered into a significant land sale agreement with Birch Real Estate Private Limited, a company under the Embassy Group umbrella. The deal, valued at ₹117.72 crore, marks a notable transaction in the real estate sector.

Deal Specifics

According to a regulatory filing by B-Right Realestate, the transaction involves the following key details:

Terms of the Agreement

The company disclosed that the transaction is subject to due diligence and other conditions outlined in the Memorandum of Understanding (MOU). Notably, the agreement includes an exclusivity period of two months, during which the parties will likely finalize the details and complete necessary checks.

Market Impact

This deal represents a significant move in the real estate market, potentially indicating renewed interest in land acquisitions by major players like the Embassy Group. For B-Right Realestate, this transaction could provide substantial liquidity, which may be utilized for various corporate purposes or further investments.

Regulatory Compliance

B-Right Realestate has duly informed the BSE Limited about this transaction, adhering to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market at large are kept informed of material developments that could impact the company's operations and financial position.

The real estate sector will be watching closely to see how this deal unfolds and what it might signal for future market trends and valuations in the industry.