Brief: Bharat Agri Fert & Realty Approves Redevelopment Of Co's Existing Commercial Building Situated At Bharat House, 12 Nanabhai Lane

Bharat Agri Fert & Realty

26/12/2023 09:09

Dec 26 (Reuters) - Bharat Agri Fert & Realty Ltd
 BFER.BO :
    * APPROVED REDEVELOPMENT OF CO'S EXISTING COMMERCIAL
BUILDING
SITUATED AT BHARAT HOUSE, 12 NANABHAI LANE
    * REDEVELOPMENT OF CO'S COMMERCIAL BUILDING WITH HIGHER FSI
OF 6.5
WITHIN AMBIT OF EXISTING MCGB RULES AND REGULATIONS
    * BOARD ALSO DISCUSSED THAT CO CAN DEMOLISH ITS PRESENT
BUILDING
AT APPROPRIATE TIME
    * DISCUSSED TO ENTER INTO JV WITH DEVELOPERS AND TO BUILD
COMMERCIAL OFFICES
    * WITH REDEVELOPMENT CO TO GENERATE A CASH FLOW OF ABOUT 2
BILLION
RUPEES IN FUTURE
    * DISCUSSED CO RECEIVED A JV PROJECT FOR REDEVELOPMENT OF
PROMOTERS  RESIDENTIAL BUILDING
    * MINIMUM REVENUE OF ABOUT 1.75-2 BILLION RUPEES WITH
ATTRACTIVE
JV RATIO
    * APPROVED ANCHAVIYO RESORT EXPANSION PLAN
    * DISCUSSED CO IS IN THE PROCESS OF DEVELOPING ITS EXCESS
SURPLUS
LAND  AT WADA INTO NON AGRICULTURAL PLOTTING
    * PLANNING TO OFFER PHOSPHATIC FERTILIZER PLANTS ON LEASE
BASIS
    * DISCUSSED CO MAY ACQUIRE ADDITIONAL LAND PARCEL OF
13,06,800 SQ.
FT.  ADJACENT TO CO’S LAND AT WADA
    * PLANNING TO SET UP A PHOSPHATIC FERTILIZER PLANT AT 1
BILLION
RUPEES
    * MAY ALSO INVOLVE IN EXPANSION OF  REALTY BUSINESS AT WADA
IN
FULL SWING

Source text for Eikon:  ID:nBSE2DYGzr 
Further company coverage:  BFER.BO 

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