Capacit'e Infraprojects Limited has secured an order worth ₹1,518 Crore from Twenty-Five Downtown Realty Limited (Hubtown) for the construction of Ultra Luxury Residential Towers in Mumbai.
The order, excluding taxes and cess, is for the "25 Downtown" project by Hubtown and involves constructing ultra-luxury residential towers in Mumbai under the Super High-Rise category.
The scope includes the construction of four ultra-luxury super high-rise residential towers at Mahalaxmi, Mumbai, along with amenities, including a clubhouse and penthouses offering views of the Willingdon Golf Course and the Arabian Sea.
According to Mr. Rahul Katyal, Managing Director of Capacit'e Infraprojects Limited, this order reinforces the trust in Capacit'e's ability to complete projects with safety and quality standards. The company is committed to creating this iconic development with Hubtown.
The company has announced that the trading window for dealing in the securities of Capacit'e Infraprojects Limited will remain closed for 48 hours following the dissemination of this disclosure, as per SEBI regulations.
The order falls within the normal course of business and is part of the company's ordinary civil contracting operations.
The promoters and group companies do not have any interest in the entity awarding the contract, ensuring that this order does not fall within the ambit of related party transactions.
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