Kretto Syscon has informed that Kretto Syscon has entered into a Joint Venture Agreement with B-Devasya Designs & Buildcon for the development of a landmark affordable residential-cum-commercial real estate project located along Manipur Road, Ghuma, a fast-developing zone in West Ahmedabad, Gujarat. This partnership underscores our strategic intent to prudently deploy capital in real estatebacked assets with high potential for appreciation, and to collaborate with experienced development partners to ensure execution excellence. This strategic alliance reflects our commitment to unlock value through smart capital deployment, premium project development, and forward-looking partnerships. About the Project: Location: Ghuma lies within Ahmedabad’s new urban expansion belt -close to Bopal, Shela, and the SP Ring Road. It’s now classified under TP-27, a zone earmarked by Ahmedabad Municipal Corporation for infrastructure acceleration; Project Name: To be finalised; Total Estimated Project Cost: ?250 Millions; Total Projected Revenue: ?480 Million; Project Type: Joint Residential & Commercial Complex 1 & 2 BHK affordable homes aimed at salaried employees, nuclear families, and PMAY eligible buyers. Ground floor reserved for retail outlets - planned for clinics, groceries, salons, etc., to provide community functionality and generate rental upside.
The above information is a part of company’s filings submitted to BSE.
