Project Details

  • The company has a joint development agreement for 13 acres 8 guntas of land with M/s Mile Stone Pvt Ltd (also referred to as Bharatya Urban Pvt Ltd)
  • The land development process is currently undergoing plan approval from BDA (Bangalore Development Authority)

Current Status

  • BDA authorities issued a demand notice dated 22-07-2026 to Bharatya Urban Pvt Ltd for payment of fees for plan approval
  • The notice requires payment of plan approval fees before formal approval can be granted

Next Steps and Timeline

  • Upon payment of fees, BDA will issue formal plan approval
  • Subsequent to BDA approval, Bharatya Urban Pvt Ltd will apply for RERA approval
  • Project launch is expected to occur within 1 to 2 months after RERA approval is obtained

Financial Impact

  • Alpine Housing's share from the project is projected to be approximately ₹500 crores of net revenue
  • Revenue realization is expected to occur over a period of 4-5 years