Project Appointment Details

Sri Lotus Developers & Realty Limited, through its subsidiary, has been appointed as the Developer for a landmark commercial-cum-retail redevelopment project in Juhu, Mumbai. The project involves the redevelopment of one of Juhu's prominent and well-established commercial shopping complexes located in a prime area of Juhu.

Project Specifications

  • Estimated Gross Development Value (GDV): ₹1,600 crore
  • Total Carpet Area: Approximately 3.46 lakh sq. ft.
  • Project Type: Premium commercial and retail development
  • Expected Commencement: Q3 FY28 (Quarter 3 of Financial Year 2028)
  • Target Completion Timeline: Approximately 3–4 years from commencement

Strategic Significance

This appointment strengthens the company's redevelopment portfolio and reinforces its presence in Mumbai's premium commercial and retail real estate segment. The project aligns with the company's strategy of deepening its footprint in high-value, supply-constrained pockets for commercial redevelopment in Mumbai.

Management Commentary

Mr. Anand K Pandit, Chairman & Managing Director, stated that commercial establishments across Mumbai's prime micro-markets are increasingly opting for redevelopment to unlock value, upgrade infrastructure, and create modern, compliant spaces. He highlighted Juhu's strategic location and limited fresh supply as favorable factors, noting continued demand from institutional occupiers for well-executed commercial redevelopment.

Company Background

Sri Lotus Developers & Realty Limited (formerly AKP Holdings Limited) is a Mumbai-based real estate developer specializing in luxury and ultra-luxury residential and premium commercial projects, with a strong focus on redevelopment in the western suburbs of Mumbai.

Project Portfolio

  • Completed Projects: 4 projects aggregating over 4.2 lakh sq. ft. of carpet area
  • Ongoing Developments: 8 projects
  • Upcoming Developments: 14 projects
  • Total Ongoing & Upcoming Area: ~44.4 lakh sq. ft. of carpet area and ~35.4 lakh sq. ft. of saleable area

Geographic Presence

The company has a strong presence in Juhu and Andheri West, with expansion into other Mumbai micro-markets including South Mumbai, Central Mumbai, Bandra, and Versova.

Business Model

The company manages end-to-end execution from design and construction to sales and customer engagement, ensuring consistent quality, superior materials, and customer satisfaction.

Investor Relations Contact

Strategic Growth Advisors Pvt. Ltd. (CIN: U74140MH2010PTC204285) handles investor relations, with contacts Mr. Deven Dhruva and Ms. Prachi Chhugani at deven.dhruva@sgapl.net / prachi.chhugani@sgapl.net, Tel: +91 98333 73300 / +91 89492 92029.