Atlantaa Limited shares locked in the 5% upper circuit during early trade after the company announced the formal execution of a Development Agreement (DA) for a major residential redevelopment project in Mumbai’s Borivali (East). The agreement has been signed with Highway Milton Co-operative Housing Society, marking a fresh addition to the company’s growing real estate portfolio in the western suburbs.
The redevelopment project is located in Borivali (East), a well-connected suburban micro-market of Mumbai known for improving infrastructure and steady residential demand. The project spans a land parcel of approximately 4,496 square metres and is expected to generate around 1.75 lakh square feet of saleable carpet area upon completion.
Atlantaa Limited has indicated that the project carries a projected Gross Development Value (GDV) of about ₹500 crore.
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