Shares of Sumit Woods are in focus after the company announced a major redevelopment project through its subsidiary, Sumit Hills Private Limited.
In an exchange filing dated Tuesday, December 31, Sumit Woods informed that its wholly owned subsidiary has signed a Development Agreement for the redevelopment of Nav Vidya Laxmi CHSL, located at Lt. P.N. Kotnis Path near RBI Quarters, Mahim, Mumbai. The project is a composite redevelopment along with Brothers CHSL (Bhatia Building).
According to the disclosure, the proposed project will be developed as a super-premium residential redevelopment, comprising 2 BHK and 3 BHK apartments. The project will have an approximate free-sale FSI area of 1,70,000 square feet.
The company has estimated the overall project value at around Rs 737 crore, making it one of Sumit Woods’ key redevelopment projects in the western suburbs of Mumbai. The announcement is in continuation of an earlier disclosure made on April 1, 2025, and has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The filing was signed by Rekha Bagda, Company Secretary of Sumit Woods, and formally submitted to the National Stock Exchange under the symbol SUMIT .
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