B-Right Real Estate Limited has entered into a joint venture agreement with Ayyappa Developer Private Limited (Shreenathji Group) for the development of a luxury residential project in Mumbai. The partnership, disclosed under Regulation 30 of SEBI Listing Regulations on February 05, 2026, marks a strategic collaboration for premium housing development in the western suburbs.

Project Overview

The joint venture will develop Celestial Heights Phase II, a luxury residential project located at S.V. Road, Malad (West) of Village Malad, Taluka Borivali. The project details are outlined below:

Strategic Location Advantages

The project enjoys a prime location in Malad West, offering residents convenient access to key amenities and transportation infrastructure. The development is strategically positioned near Jain Temple and Malad Railway Station, providing excellent connectivity for future residents.

Partnership Structure

The collaboration brings together B-Right Real Estate Limited's development expertise with Ayyappa Developer Private Limited, which operates under the Shreenathji Group banner. This joint venture arrangement allows both companies to leverage their respective strengths in delivering the luxury residential project.

Market Positioning

Celestial Heights Phase II targets the premium housing segment with its focus on spacious 4 BHK and 5 BHK configurations. The project's luxury positioning and strategic location in Malad West align with the growing demand for premium residential properties in Mumbai's western corridor.

The joint venture represents B-Right Real Estate Limited's continued expansion in Mumbai's competitive real estate market, with the Rs. 70 crore project adding significant value to the company's development portfolio.

B-Right Realestate Limited has announced a strategic acquisition through its material subsidiary, expanding its real estate development portfolio. The company disclosed the transaction under SEBI regulations on January 29, 2026.

Acquisition Details

B-Right Realestate Ventures LLP, a material subsidiary of B-Right Realestate Limited, has entered into a definitive LLP Agreement to acquire an 89.99% stake in Danchi Developers LLP. The transaction was completed on January 29, 2026, making Danchi Developers a step-down subsidiary of the parent company.

Project Specifications and Development Potential

The acquired entity brings significant development potential to B-Right Realestate's portfolio. The project encompasses substantial land area with promising commercial prospects for real estate development.

Target Company Profile

Danchi Developers LLP was incorporated under The Limited Liability Partnership Act, 2008, on September 30, 2024. The entity operates in the real estate and developers sector with its registered office located in Mumbai.

Financial Background

• Incorporation Date: September 30, 2024
• Turnover FY 2024-25: Rs. Nil
• Industry: Real Estate and Developers
• Geographic Presence: Mumbai, India

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not involve any related party considerations and was executed as a standard business acquisition. The company confirmed that no governmental or regulatory approvals were required for this acquisition.

The disclosure follows the company's earlier communication dated December 09, 2025, indicating this acquisition was part of a planned expansion strategy in the real estate development sector.