Supreme Universal inks pact to develop 5-acre land parcel in Mumbai
Real Estate

Supreme Universal inks pact to develop 5-acre land parcel in Mumbai

Realty developer Supreme Universal has entered into an agreement to develop a nearly 5-acre prime land parcel in Chembur suburb of Mumbai.

The company is planning to develop a premium gated community project on the land parcel that has a total development potential of around 1 million sq ft.

The company has acquired the development rights of the said land parcel through its subsidiary Supreme Sky High LLP and will be investing nearly Rs 10 billion to develop the project. The project’s total revenue is expected to be around Rs 18 billion based on the ongoing property rates in the vicinity.

The development agreement between the developer and the land owner is structured based on revenue share and an upfront premium to be paid by the company.

Also Read
Crane maker Tractors India dragged to NCLT
7,560 million elevated highway to be complete by June

Realty developer Supreme Universal has entered into an agreement to develop a nearly 5-acre prime land parcel in Chembur suburb of Mumbai. The company is planning to develop a premium gated community project on the land parcel that has a total development potential of around 1 million sq ft. The company has acquired the development rights of the said land parcel through its subsidiary Supreme Sky High LLP and will be investing nearly Rs 10 billion to develop the project. The project’s total revenue is expected to be around Rs 18 billion based on the ongoing property rates in the vicinity. The development agreement between the developer and the land owner is structured based on revenue share and an upfront premium to be paid by the company. Also Read Crane maker Tractors India dragged to NCLT 7,560 million elevated highway to be complete by June

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code