New Delhi: Indian Real Estate Development Corporation Ashiana Housing on Thursday reported about 5 per cent increase in shares in dealing following the corporation informed stock exchanges that it signed the memorandum of understanding (MoU) with Pune-based developer for a housing project.
The shares after declaration grew 4.71 per cent to hit elevated to Rs 169.90 on BSE. At about 9.45 am a total of 4,776 stocks exchange hands on the BSE.
The corporation further stated that the expansion work will be approved on a 19 acre parcel of land located close to Hinjwadi, District Pune of Maharashtra.
The plan will be assumed on a revenue sharing basis, that the predictable saleable area would be 12.5 lakh square to 15 lakh square.