Synopsis:
Radhika Heights Limited and its subsidiaries, in partnership with Bestech India, secured HARERA licenses for two affordable residential plotted colonies in Gurugram under DDJAY, spanning over 51.81 acres as joint developments.
During Monday’s trading session, shares of a company involved in the Real Estate, township development and housing projects hit a 5 percent upper circuit on the stock exchanges, after securing RERA (Real Estate Regulatory Authority) licences for two affordable housing projects in Gurugram.
With a market cap of Rs. 354 crores, the shares of Ravinder Heights Limited hit a 5 percent upper circuit at Rs. 57.75 on BSE, as against its previous closing price of Rs. 55. The stock has delivered negative returns of around 22 percent YTD, and has gained by over 26 percent in the last one month.
What’s the News:
According to the latest filings with the stock exchanges, Radhika Heights Limited (a wholly owned subsidiary of Ravinder Heights Limited), along with its wholly owned subsidiaries – Nirmala Buildwell Private Limited, Radicura Infra Limited, Cabana Construction Private Limited, and Sunanda Infra Limited – in collaboration with Bestech India Private Limited, has obtained the HARERA License for the development of an affordable residential plotted colony under the Deen Dayal Jan Awas Yojna (DDJAY).
The project will span 39.43125 acres in the revenue estate of Village Harsaru, Sector‑89A, District Gurugram, Haryana, and will be named “Bestech City 1 – a Joint Development of Bestech and Ravinder Heights Limited Group”.
Additionally, Radhika Heights Limited, along with its wholly owned subsidiaries – Nirmala Buildwell Private Limited and Cabana Construction Private Limited – in collaboration with Bestech India Private Limited, has obtained the HARERA license for another affordable residential plotted colony under DDJAY.
This project will cover 12.3812 acres in the revenue estate of Village Harsaru, Sector‑89A, District Gurugram, Haryana, and will be branded “Bestech City 2 – a Joint Development of Bestech and Ravinder Heights Limited Group”.
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Financials & More:
Ravinder Heights Limited reported a contraction in its operational revenue, moving from a positive Rs. 0.62 crore in FY24 to a negative Rs. 0.11 crore in FY25, reflecting a year-on-year decline.
The company’s net loss also widened during the same period, increasing from Rs. 2.15 crore in FY24 to Rs. 2.54 crore in FY25, indicating around 18 percent year‑on‑year escalation in losses.
Ravinder Heights Limited undertakes the business of acquisition, construction, development of townships, built-up infrastructure, housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, and city & regional level infrastructure.
Written by Shivani Singh
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