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Hubtown’s arm enters into development management agreement with Gopani Realty

19 Dec 2024 Evaluate

Hubtown’s subsidiary -- Rare Townships 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.

Hubtown engages in the development, sale, and lease of commercial, residential, retail, and industrial properties. Its project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks. 


Hubtown Share Price

211.95 2.90 (1.39%)
20-Apr-2026 16:59 View Price Chart
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