Supreme Holdings & Hospitality Limited has informed its stakeholders that the company has submitted applications for Intimation of Development (IOD) and building permissions for its land parcels in Panvel. The planned development will be executed in phases, covering a total saleable area of approximately 31.17 lakh square feet.

Project Value and Financial Estimates

Based on current market assessments, the Gross Development Value (GDV) for the proposed Panvel projects is projected to exceed ₹2,500 crore. These projections are subject to regulatory approvals, prevailing market conditions, and developments in infrastructure and economy in the Panvel region.

The company emphasizes that all project timelines and financial forecasts are contingent upon timely receipt of statutory and regulatory approvals. The GDV estimates reflect the company's internal assessment of the potential value of the planned development, considering local real estate demand and market trends.

Regulatory Compliance

Supreme Holdings has confirmed that it will maintain full regulatory compliance throughout the approval and development process. The company will continue to update investors and stakeholders regarding material developments as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Guidance

This communication is intended purely as an informational update and does not constitute a solicitation for investment or a guarantee of future financial performance. Investors are advised to refer to formal company communications or contact the Investor Relations team for any further updates or clarification.

Strategic Importance of Panvel Projects

The Panvel region is considered a high-growth corridor with significant infrastructure development. Supreme Holdings’ phased development strategy aims to capitalize on the increasing demand for residential and commercial space, providing investors and stakeholders with insights into the potential value creation of these projects.

The company’s commitment to transparency and adherence to regulatory norms reflects its focus on responsible growth, while maintaining investor confidence and aligning with market best practices.

Supreme Holdings will continue to monitor market dynamics and regulatory approvals to ensure the successful execution of the Panvel projects, aiming for timely completion and maximization of value for all stakeholders.

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