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B-right Realestate's Subsidiary Expands FSI Sale Agreement, Boosting Deal Value to ₹102.94 Crore Mar 26, 2025
More news about B Right Realestate
25Mar 25
B-RIGHT REALESTATE Expands FSI Sale Agreement, Boosting Deal Value to ₹102.94 Crore
B-RIGHT REALESTATE's subsidiary, Parth Construction, has revised its Floor Space Index (FSI) sale agreement with Keyvihar Realtors. The deal now includes an additional 744.01 square meters of FSI, bringing the total area to 6,727.25 square meters. The transaction value has increased by ₹11.38 crore, raising the total consideration to ₹102.94 crore, a 12.4% increase from the original agreement.
B-right Realestate Limited (BSE: 543543) has been appointed for the redevelopment of the 'United Commercial Bank Employee's Co-Operative Housing Society Limited' in Andheri West, Mumbai. The project covers 2,260 square meters of land with an expected total sales area of 82,706 square feet. The Gross Development Value (GDV) is estimated at ₹256 crore. This appointment represents a significant opportunity for B-right Realestate to enhance its presence in Mumbai's competitive real estate market.
B-RIGHT REALESTATE Limited has been appointed for the redevelopment of the United Commercial Bank Employee's Co-Operative Housing Society in Andheri West, Mumbai. The project covers 2,260 square meters of land with an expected sales area of 82,706 square feet and a Gross Development Value of ₹256 crore. This strategic move strengthens the company's position in Mumbai's redevelopment sector and aligns with urban renewal trends.