The Brihanmumbai Municipal Corporation had invited tenders for hiring of land parcels for setting up casting yards and allied works use for its various vital projects.

Mira Real Estate Developers, a partnership firm in which the Company/its wholly-owned subsidiaries hold 100 % share in profit/loss, is owner of 254.99 acres of land adjoining Mira Road Railway Station on the Western side. The said land is vacant and un-developed. From the total land holding of 254.99 acres, land admeasuring 186.52 acres was offered in the aforesaid tender.

The tender was opened on 22 February 2024 and thereafter evaluated by the BMC after due diligence, the letter of acceptance (LOA) was issued by the BMC on 11 March 2024 in favor of Mira Real Estate, for renting out approximately 186.52 acres of...

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