Nature of Disclosure: Regulatory filing under SEBI Listing Regulations (Regulation 30) regarding a new project launch and booking updates.
Project Details: Shraddha Prime Projects Limited launched "Pandora by Shraddha," a 22-storey mixed-use development located in Nahur West, Mumbai. The project offers a mix of residential and commercial spaces, including compact 1 RK and studio apartments.
Inventory and Booking Performance: The project has a total inventory of 471 units. On launch day (October 12, 2026), 110 units were booked, representing approximately 23.4% of total inventory. The aggregate booking value recorded was approximately ₹60 crore.
Financial Metrics: The project has an estimated gross development value (GDV) of approximately ₹220 crore.
Management Commentary: Mr. Sudhir Balu Mehta, Managing Director, commented on the encouraging response and stated the company will focus on construction quality and timely execution. The company aims to deliver a good home-buying experience while growing its presence across Mumbai.
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 affordable homes, compact residences, premium, and super-premium dwellings.
Regulatory Reference: This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Contact Information: For investor relations queries, contact Mr. Dhruv Mehta (CFO) or Adfactors PR representatives Smit Patel, Yash Sanghavi, and Rahul Viswanathan.