Dhani Services Limited — Important, 21-01-2025: Updates

Dhani Services Limited has executed Memoranda of Understanding and Collaboration Agreements through its wholly owned subsidiaries with landowners to develop several real estate projects. These initiatives, subject to necessary approvals, are expected to significantly contribute to revenues in the upcoming years.

Key projects include:

1. A mixed-use colony in Sector 105, Gurgaon, covering approximately 14 lakh sq. ft. with expected revenues of INR 3,220 cr.

2. A commercial project in Sector 99, Gurgaon, with a saleable area of 5.44 lakh sq. ft., anticipated to generate INR 1,100 cr.

3. Another commercial project in Sector 99A, Gurgaon, covering 6.19 lakh sq. ft. and projected revenues of INR 1,250 cr.

4. A residential plotted project in Kharkhauda, Sonipat, expected to yield INR 200 cr.

This strategic move underscores the company's commitment to expanding its real estate footprint, potentially enhancing its revenue streams and long-term growth outlook. Investors should watch closely for regulatory approvals and progress on these projects.