Key Transaction Details
Parties Involved:
- M/s. Dreamax Realtors (formerly known as M/s. Lotus Realtors), a partnership firm and subsidiary of Balgopal Commercial Limited
- Oshiwara Gokul Co-Operative Housing Society Limited
Agreement Type: Supplemental Development Agreement (SDA)
Purpose: The SDA revises and updates a prior registered Development Agreement dated June 15, 2011.
Project Scope: Comprehensive redevelopment of the Society's land admeasuring 2,531.62 sq. meters situated at Oshiwara Gokul CHSL., Adarsh Nagar, New Link Road, Oshiwara, Jogeshwari (W), Mumbai - 400 102.
Financial Consideration: Estimated Gross Merchandise Value (GMV) of approximately ₹200 crores.
Company Entitlement: The Company's entitlement of free sale component from the project is presently estimated to be around 51,086 square feet, subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law.
Timeline: Completion within 42 months plus a 6-month grace period from the receipt of the Commencement Certificate (C.C.) or Handover Date (whichever is later).
Entity Classification: Domestic entity
Related Party Transaction: Confirmed as not being a related party transaction.
Filing Details
Filed with BSE Limited on June 12, 2026 by Ankit Ladha, Company Secretary & Compliance Officer (ICSI Membership No: A74941).