Rare Townships Private Limited ("the Company"), subsidiary of Hubtown Limited has entered into a Development Management Agreement with Gopani Realty LLP ("GRL"), for development of the Wing A-6 (India International Tower) of the Project "Rising City" at Ghatkopar, Mumbai. The Development Management Agreement shall allow the Company to ensure project is completed in faster. GRL shall be responsible for providing funding to complete the Wing in the Project in faster timeframe.
The Wings A1-A5 in the Rising City are being completed by the Company on its own with funding from SBI Ventures (SWAMIH Fund), which was availed in April 2024.
With this, the entire Phase - I (i.e. Building A1-A6) of the project Rising City has been financially closed and scheduled to be delivered starting from FY2026.
Shares of Hubtown Limited was last trading in BSE at Rs. 282.80 as compared to the previous close of Rs. 284.75. The total number of shares traded during the day was 13310 in over 211 trades.
The stock hit an intraday high of Rs. 294.75 and intraday low of 280.00. The net turnover during the day was Rs. 3805008.00. |
