AGI Infra Development Agreement with ABS Builders for Project at Chandigarh
AGI Infra Ltd has informed that the Company has entered into a development agreement with ABS Builders & Promoters LLP, Chandigarh who has to develop a project in total 14.9 Acres (72,116 sq. yards). Out of the total property, about half is owned by ABS Builders & Promoters LLP and the balance by The Working Friends co-operative Housing Society Ltd. ABS Builders & Promoters LLP has offered the rights to develop FAR measuring 625000 Sq fts in the project being developed by it at Village Sohana, District SAS Nagar (Mohali) in the State of Punjab. The Consideration of purchase of rights of developing FAR measuring 625000 Sq.ft is Rs80cr. The proposed development agreement will help the company to expand its business operations outside the city of Jalandhar and entering into new geography in SAS Nagar (Mohali), Near Chandigarh. AGI Infra ended hitting 52-week high at Rs162 per piece during early trading hours on 23rd August.
Tags : News/Views Chandigarh Project AGI Infra Development Agreement ABS Builders