Date: 12th June, 2026
Operational / Strategic Disclosures
Sumit Woods Limited has been appointed as the Most Preferred Developer for the redevelopment of "The Welfare Mansion Co-operative Housing Society Ltd.", situated at Plot no. 54, Laxmibai Kelkar Marg, Near Jain Society Bus Stop, Sion (West), Mumbai - 400022.
The project is envisaged as a premium residential-cum-commercial development located in a prime area of Sion (West), Mumbai. The approximate construction and development potential of the project is around 84,000 sq. ft., with an estimated revenue potential of approximately ₹103.13 Crores.
Project Location Advantages:
- Strategically located on Laxmibai Kelkar Marg, Sion (West)
- Excellent connectivity to Mumbai's key business and lifestyle destinations
- Close proximity to Eastern Express Highway and Sion-Bandra Link Road
- Sion Railway Station nearby provides seamless connectivity through Central Railway network
- Major hubs including Dadar, BKC, Lower Parel, Chembur, and South Mumbai within easy reach
- Access to educational institutions, healthcare facilities, and retail hubs
Project Description:
The development is proposed to redefine urban living at Sion (West), thoughtfully envisioned to blend contemporary lifestyles with everyday convenience, promising a prestigious address for discerning homebuyers and businesses alike.
Regulatory Compliance:
The disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Future Disclosures:
Additional information in respect of the Development Agreement relating to the said project will be disclosed in due course, subject to necessary approvals and in compliance with applicable laws.
Not Specified Sections
- Financial Results
- Dividend Declaration
- Board Meeting Outcomes
- Auditor's Report
- Disinvestment / Strategic Actions
- Media Release / Investor Communication
- KMP / Board / Auditor Changes