B-Right Real Estate Subsidiary Secures Rs. 430 Crore SRA Project in Andheri, Mumbai

B-Right Real Estate Limited announced that its subsidiary, B-Right Real Estate Ventures LLP, has entered into a term sheet with Sagar Developers for the development of a major Slum Rehabilitation Authority (SRA) project in Andheri West, Mumbai. This strategic move underscores the company's commitment to urban redevelopment and its expansion in one of Mumbai's key locations.

The SRA project is strategically situated at CTS No. 249 (pt) of Village Andheri, Gaodevi Dongari Road, Gilbert Hill, Andheri (West), Mumbai-400 058. Sagar Developers holds valid and subsisting development rights for this government land project, making it a valuable partnership for B-Right Real Estate Ventures LLP.

Project Details and Location

The SRA project covers a significant area of 9,130 sq. mtr and is expected to yield 2,44,509 sq. ft. of saleable area. The project's Gross Development Value (GDV) is projected at Rs. 430 crores, highlighting its substantial commercial potential. The location, Andheri West, is a prominent and rapidly developing area in Mumbai, known for its strategic connectivity and growing real estate market.

Financial Projections

The project demonstrates substantial scale with significant commercial potential. The development is expected to generate approximately 2,44,509 sq. ft. of total saleable area across the 9,130 sq. mtr land parcel. The company has projected a Gross Development Value (GDV) of Rs. 430 crores for the entire project, which is a significant milestone for B-Right Real Estate Ventures LLP.

Partnership Structure

The collaboration involves B-Right Real Estate Ventures LLP working with Sagar Developers, who brings the essential development rights to the partnership. This arrangement allows the subsidiary to participate in a large-scale urban redevelopment project in one of Mumbai's prominent locations. The partnership is expected to leverage the strengths of both companies, combining B-Right's development expertise with Sagar Developers' local market knowledge.

Regulatory Compliance

The disclosure of this major development was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure on February 13, 2026, ensuring compliance with mandatory reporting requirements for material developments affecting the business. This transparency is crucial for maintaining investor confidence and regulatory compliance.

Malani Ventures Acquires 1,03,200 Equity Shares in B-Right Real Estate, Stake Rises to 24.46%

In a separate but related development, Malani Ventures Private Limited acquired 1,03,200 equity shares of B-Right Real Estate Limited through open market purchase on February 05, 2026. The acquisition increased the promoter group's stake from 23.46% to 24.46%, representing a 1.00% increase in shareholding. The company filed the mandatory disclosure with BSE Limited under SEBI regulations, with the transaction completed while maintaining B-Right's total share capital at 1,03,31,200 shares.

Acquisition Details

The share acquisition was completed on February 05, 2026, with Malani Ventures filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the disclosure to BSE Limited, where B-Right Real Estate Limited's shares are listed.

Shareholding Pattern Changes

Following the acquisition, Malani Ventures' total shareholding in B-Right Real Estate Limited has increased significantly. The promoter group entity now holds a substantial stake in the target company.

Company Information

Malani Ventures Private Limited, incorporated with CIN U64990MH2011PTC213254, operates as a promoter group entity of B-Right Real Estate Limited. The company's registered office is located at 702, 7th Floor, Shah Trade Centre, Rani Sati Marg, Mumbai, Malad East, Maharashtra.

Regulatory Compliance

The disclosure was signed by Paras Hansrajbhai Desai, Director of Malani Ventures Private Limited, acting on behalf of the promoters group. The filing ensures compliance with SEBI regulations governing substantial acquisition of shares and takeovers. B-Right Real Estate Limited's total equity share capital remains unchanged at 1,03,31,200 shares following this transaction. The acquisition represents a strategic increase in the promoter group's stake in the real estate company.