Bhudevi Infra Projects Limited has formally intimated the Bombay Stock Exchange (BSE) about the commencement of its residential project development. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has commenced development of its residential project named "Bhudevi Aurum Phase-1" located at TGPA, Himayat Nagar, Hyderabad, Telangana.
As part of the project development, the company has also undertaken additional infrastructure work including:
- Development and construction of a 40-ft road
- Drainage system of 450 meters length
This infrastructure development is located at TGPA, Himayat Nagar, Hyderabad, outside the company's main project "Bhudevi Aurum Phase-1" which is described as "presently in the pipeline."
The company provided revenue guidance stating that the project is expected to contribute approximately ₹170 crore (One Hundred and Seventy Crores) to the company's revenue over the next four years. This projection is subject to:
- Applicable approvals
- Execution timelines
- Prevailing market conditions
The company committed to providing further details relating to project timelines, including execution and commencement details, and other project developments to the Stock Exchange in accordance with Regulation 30 of the Listing Regulations.
The communication was signed by Bhasker K Bhatt, Managing Director (DIN: 09463033) on behalf of Bhudevi Infra Projects Limited.