Shraddha Prime Projects Limited has made a regulatory disclosure under SEBI Listing Regulation 30 regarding the launch of a new residential project called 'Param Adarsh' in Mulund West, Mumbai.
The project is a 21-storey residential development strategically located directly opposite Mulund West railway station in Mumbai. The location provides prominent positioning in an established residential neighborhood with enhanced connectivity benefits.
The estimated Gross Development Value (GDV) of the project is approximately ₹120 crore. This project adds to the company's development portfolio and reflects its continued focus on well-located residential opportunities across Mumbai.
Mr. Sudhir Balu Mehta, Managing Director of Shraddha Prime Projects Limited, commented that Mulund has been an important market for the company, and this project strengthens their presence in the area. He emphasized the location advantage opposite the railway station for convenient connectivity within Mumbai. The company's focus will remain on quality construction, efficient execution, and delivering homes that meet the needs of today's homebuyers.
The disclosure was submitted to both Bombay Stock Exchange Limited and National Stock Exchange of India Limited through a formal letter dated October 13, 2026, accompanied by the press release.
Company Background
Shraddha Prime Projects Limited is a Mumbai-based real estate developer with a diversified portfolio spanning residential developments, slum rehabilitation (SRA) projects, redevelopment initiatives, and MHADA projects. The company caters to a broad spectrum of homebuyers offering affordable homes, compact residences, premium, and super-premium dwellings.
Investor Relations Contact
For investor relations queries, contact Mr. Dhruv Mehta, Chief Financial Officer, or through Adfactors PR Pvt. Ltd. representatives Mr. Smit Patel, Mr. Yash Sanghavi, or Mr. Rahul Viswanathan.