Mumbai, January 8 (Udaipur Kiran): Shares of Sri Lotus Developers and Realty traded higher on Thursday after the company announced its strategic entry into the GIFT City area of Gandhinagar with an ultra-luxury, mixed-use real estate project.
The stock was trading at ₹169.95, up ₹1.35 or 0.80 per cent from its previous close of ₹168.60 on the BSE. The scrip opened at ₹171.30 and touched an intraday high of ₹178.70 and a low of ₹168.50. A total of 1,06,277 shares were traded during the session.
The BSE Group ‘B’ stock, with a face value of ₹1, has recorded a 52-week high of ₹218.50 on August 11, 2025, and a 52-week low of ₹150.60 on December 18, 2025. Over the past one week, the stock has moved in the range of ₹158.45 to ₹178.70. The company’s current market capitalisation stands at ₹8,327.85 crore.
Promoters hold a dominant 81.86 per cent stake in the company, while institutional investors and non-institutional investors hold 5.58 per cent and 12.56 per cent respectively.
Sri Lotus Developers & Realty has entered the GIFT City area, Gandhinagar through a development agreement with Abhishek Bachchan. The proposed project will have a built-up area of over one million square feet and will be developed on freehold land, marking the company’s first project in Gujarat and a significant milestone beyond its core Mumbai market.
The project will be undertaken through the company’s subsidiary, Rise Root Projects, under a profit-sharing development agreement. This asset-light model is aimed at improving capital efficiency while leveraging the company’s strengths in design, planning, development, and execution.
The proposed development will feature a mix of premium retail spaces, Grade-A commercial offices, and high-end residential units, catering to growing demand from financial institutions, fintech firms, and IT/ITeS companies. Backed by the company’s execution capabilities and track record of timely delivery, the project is expected to be completed within four years from its launch.
Sri Lotus Developers and Realty is a Mumbai-based real estate developer focused on residential and commercial redevelopment projects in the luxury and ultra-luxury segments.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
