B-Right Real Estate Limited has established a joint venture with Ayyappa Developer Private Limited (Shreenathji Group) to create a high-end residential development in Mumbai which will help the company expand its presence in the city's upscale housing market.
The partnership was disclosed under Regulation 30 of the SEBI Listing Regulations. The joint venture will develop Celestial Heights Phase II, a luxury residential project located on S.V. Road, Malad (West), within Village Malad, Taluka Borivali.
Key Highlights
The project site which operates as a major western Mumbai site has excellent connections to essential public services because it stands near both Malad Railway Station and main street networks.
Celestial Heights Phase II is designed to cater to the premium housing segment, offering spacious 4 BHK and 5 BHK residences aimed at end-users and investors seeking high-quality urban living. The project location at premium market space which offers luxurious property options has become popular among people who want spacious homes in Mumbai's western area.
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The collaboration combines B-Right Real Estate’s development capabilities with Ayyappa Developer’s local market expertise under the Shreenathji Group banner, enabling both partners to optimise execution and delivery standards.
The development project which will cost approximately Rs 70 crore represents a key expansion of B-Right Real Estate's growing business operations in Mumbai's competitive residential sector.
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