The work order involves constructing a basement, ground floor, podiums, and a G+33 upper floor with an underground tank, overhead tanks, firefighting tanks, and a lift machine room on the property at CS No. 1282, Sandhurst Road West, Girgaon, Mumbai, covering approximately 200,000 sq. ft. of built-up area.
As part of the agreement, a security deposit of Rs 1 crore has already been paid, with the remaining amount to be settled upon completion of the work. Additionally, the contract includes a retention rate of 5% on each bill. The project is set to be completed within 24 months, starting from 7 March 2025. Any further extension to the project timeline will be mutually agreed upon by both parties.
RDB Realty & Infrastructure is engaged in the business of real estate construction, development, and other related activities.
The company’s consolidated net profit jumped 88% to Rs 1.73 crore on a 251.5% increase in sales to Rs 24.18 crore in Q3 FY25 compared to Q3 FY24.
Shares of RDB Realty & Infrastructure fell 4.17% to settle at Rs 55.80 on the BSE.