Shraddha Prime Projects Ltd has announced plans to enter into a development agreement with Vedas Corporation for a new real estate project. The partnership aims to leverage both companies’ expertise in property development and expand Shraddha Prime’s project portfolio. Financial and project details will be disclosed in due course.
Shraddha Prime Projects Ltd informed investors that it will soon enter into a development agreement with Vedas Corporation, marking another strategic step in strengthening its presence in the real estate sector. The collaboration is expected to involve the joint development of residential and/or commercial properties, reflecting the company’s focus on growth through strategic alliances.
According to Shraddha Prime Projects, the agreement will outline key commercial terms, responsibilities, and revenue-sharing mechanisms between the two parties. The company reiterated its commitment to pursuing partnerships that enhance shareholder value and drive long-term sustainable development.
Key Highlights:
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Partnership: Shraddha Prime Projects Ltd and Vedas Corporation to sign a development agreement.
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Objective: To jointly develop real estate projects by combining resources and expertise.
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Strategic Impact: The move aligns with Shraddha Prime’s expansion and diversification plans.
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Details Awaited: The company will announce further information on project size, location, and financial terms once finalized.
Source: Company filing to BSE and NSE announcements.