Shares of Atlantaa Ltd were locked 5% higher on 16 December after the company registered the Development Agreement for the redevelopment of the “Bansi Nagar” project in Mumbai.

In its regulatory filing, the company said, “We wish to inform that Atlantaa Limited has registered the Development Agreement for the redevelopment of the plot admeasuring approximately 4,496 square meters and premises of Highway Milton Cooperative Housing Society Limited, known as “Bansi Nagar”, situated at Kulupwadi, Off Western Express Highway, Borivali (East), Mumbai – 400066.”

The project covers around 4,496 square meters of land and is expected to deliver 1.75 lakh square feet of saleable carpet area when completed.

Atlantaa Limited’s redevelopment in the western suburbs, with a planned GDV of Rs 500 crore, is a substantial addition to its increasing real estate portfolio, according to the filing. 
 
The Highway Milton renovation demonstrates Atlantaa Limited’s commitment to planned, high-impact redevelopment in Mumbai’s land-constrained urban context. It improves the company’s position as a dependable and forward-thinking player in the city’s ongoing real estate revolution.

Atlantaa is one of India’s oldest infrastructure and real estate development enterprises, with a 48-year history. The company has completed large-scale urban infrastructure projects, EPC works, and residential developments, establishing a reputation for trust, transparency, engineering excellence, and customer-centric values. 

The company, guided by a commitment to innovation, quality, and modern design, remains focused on constructing functional, community-oriented, and future-ready developments throughout the Mumbai Metropolitan Region.

At 2:38 pm, the shares of Atlantaa were locked 5% higher at Rs 43.11 on NSE.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!