Emerald Leisures received Letter of Intent for SRA redevelopment project in Chembur with 6299 sq.mtrs plot area.
Project expected to yield 1,75,000 sq.ft carpet area with estimated ₹600 crore gross development value.
Company diversifying from hospitality into real estate business, targeting 50% future growth from such projects.
Disclosure made under SEBI LODR Regulation 30 regarding this material development project approval.