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SSPDL inks JDA for development of premium residential apartments in Chennai

27 Jul 2017 Evaluate

SSPDL has signed a Joint Development Agreement (JDA) for the development of premium residential apartments in Prithvi Avenue, Chennai. The total area of the development is about 14,500 square feet with 25% being SSPDL share.

The approximate sale value of the apartments is Rs 32 crore and SSPDL’s share is Rs 8 crore. This project is expected to be completed in about 18 months from the date of necessary approvals.

SSPDL, formerly the Srinivasa Shipping and Property Development established in 1994, is a leading infrastructure and real estate development company in south India.


Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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