Supreme Holdings & Hospitality Limited has seen its shares jump more than 9% following an update on its Panvel land projects. The company has applied for IOD (Intimation of Disapproval) and building permissions for its land parcels in Panvel, marking the first step toward a phased development plan covering an estimated saleable area of approximately 31.17 lakh square feet.
According to market assessments, the proposed projects could generate a Gross Development Value (GDV) exceeding ₹2,500 crore, contingent on regulatory approvals, prevailing market conditions, and ongoing economic and infrastructural developments in the Panvel region.
The company emphasized that all project timelines and financial projections are subject to the timely receipt of necessary approvals and other business conditions. Supreme Holdings reaffirmed its commitment to full regulatory compliance and assured stakeholders that it will continue to provide timely updates as mandated under SEBI (LODR) Regulations.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
