Rodium Realty Limited, a prominent real estate company, has received the Commencement Certificate (CC) for its ambitious project ‘XONE’ located at Building No. 51, Shankar Lane, Kandivali (West), Mumbai – 400067, Maharashtra, India. The certificate was granted on March 27, 2025, marking a significant milestone in the project’s timeline. This update was formally communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Overview of the 'XONE' Project

The 'XONE' project is designed as a Residential cum Commercial Development that includes multiple facilities catering to modern urban requirements. As per the approved amended plans dated February 12, 2025, the project will comprise:

• Basement Floor: Designed for essential utilities and back-end infrastructure.

• Ground Floor: Dedicated space for commercial shops to accommodate a variety of retail and business needs.

• 1st Floor: Allocated for commercial spaces, enhancing business prospects within the development.

• 2nd and 3rd Floors: Reserved for podium parking, addressing the growing need for adequate parking space in Mumbai’s dense urban environment.

• 4th Floor Podium: Set aside as an amenity floor to provide residents with recreational and wellness facilities.

• 5th to 19th Floors: Designed as residential floors offering premium living spaces to prospective buyers.

Importance of the Commencement Certificate

A Commencement Certificate (CC) is a legal document issued by the local municipal authority that authorizes a developer to begin construction after ensuring that all necessary approvals, documents, and plans comply with regulatory norms. The issuance of the certificate for the 'XONE' project signifies that Rodium Realty has fulfilled all compliance requirements and is now set to proceed with the construction phase.

Strategic Location and Project Highlights

Located in the prime area of Kandivali (West), Mumbai, the 'XONE' project offers a strategic advantage due to its proximity to essential urban infrastructure, including schools, hospitals, shopping malls, and entertainment hubs. The project is expected to attract both homebuyers and commercial investors due to its mixed-use development concept that integrates residential and commercial spaces in a single, well-planned environment.

Compliance with SEBI Regulations

The communication regarding the issuance of the Commencement Certificate was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. As per this regulation, listed companies are mandated to disclose any material developments or significant events to the stock exchange to ensure transparency and informed decision-making for shareholders and investors.

Project Timeline and Future Prospects

With the Commencement Certificate now secured, Rodium Realty is poised to begin the construction of the 'XONE' project. The company is expected to follow a structured timeline for the development and deliver the project within the stipulated period. The inclusion of commercial and residential components in a single project reflects the company’s vision of creating vibrant, self-sustained communities that cater to diverse needs.

Expected Impact on Company Growth

The successful launch and completion of the 'XONE' project is anticipated to significantly enhance Rodium Realty’s market presence and financial growth. The strategic location, modern amenities, and mixed-use infrastructure are likely to drive high demand and attract both residential and commercial buyers.

Investor Sentiment and Market Response

The market response to this development has been positive, with stakeholders acknowledging the company’s commitment to adhering to compliance norms and delivering high-quality projects. Rodium Realty’s disclosure of the Commencement Certificate issuance aligns with investor expectations and reinforces transparency in the company’s operations.

Conclusion

Rodium Realty Limited’s receipt of the Commencement Certificate for the ‘XONE’ project marks the beginning of an exciting phase in the company’s journey. The project’s innovative design, strategic location, and adherence to regulatory requirements position it as a promising venture in Mumbai’s real estate market. As construction progresses, stakeholders and investors can look forward to updates on project milestones and expected completion timelines.

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