India's Sri Lotus Developers gains on project launches

Sri Lotus Developers and Realty

01/10/2025 08:30

** Shares of Sri Lotus Developers SILU.NS rise as much 3.44% to 195.58 rupees; last up 1.5%

** Rise after the luxury residential and commercial properties developer launches two new projects in Mumbai

** The project in Juhu, Mumbai has an estimated gross development value (GDV) of 7 billion rupees, while the Versova project in Mumbai has a GDV of 3 billion rupees

** Initial bookings for the two projects stand at 1.3 billion rupees, says SILU

** Adds, it is looking to launch another project in December quarter

** SILU, which debuted on stock exchanges on August 6, has gained 27.3% over its issue price of 150 rupees

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))