We are currently engaged in the business of real estate development and construction. Our company is also engaged in equity share trading and investing activities. In September 2013 Mr. Pratik K. Mehta, Mr. Vinay K. Mehta, Mr. Kirti K. Mehta and Mrs. Nutan K. Mehta took over our company, and accordingly, our company engaged in the business of construction.
Our operations will span all aspects of real estate development, from the identification and acquisition of land, the planning, execution, and marketing of our projects, through to the maintenance and management of our completed developments.
We have entered into a Joint Development Agreement dated October 31, 2013 with M/s Shankar Service Station, a partnership firm (partners Mr. Ganesh Kr. Agarwal and Mrs. Seema Agarwal). M/s Shankar Service Station owns the immovable property bearing R. S. Dag Nos. 1956, 1957, and 1958 (CS Nos. 527 and 528), under R. S. Khaitan N. 380 in Mouza Satgachi Under P.S. Lake Town in the District North 24 Parganas presently Known and numbered as Municipal Holding No. 1050, Calcutta 292/1, Jessre Road, under Municipal ward No. 20 within the limits of South Dum Dum Municipality, Kolkata measuring 1 Bigha, 9 Cottahs and 15 Chittacks together with old building theren. Our company will develop a residential building on the above land.
We shall develop the above property into a residential building and in consideration of the M/s Shankar Service Station agreeing to transfer the proportionate undivided share in the land in favor of our company, we have agreed to construct on the schedule property and deliver to M/s Shankar Service Station free from encumbrances 40% of the constructed area as their share in the proposed construction on the schedule property with 40% undivided share of land and the proportionate number of car parking slots to be provided in the complex. Pursuant to this agreement we have paid Rs. 10.00 Lacs as interest-free deposit to M/s Shankar Service Station.
Initially our company was engaged in investment activities. In FY 2006 our company along with investment activities also started the commodity broking business and registered as a Commodity Broker with NMC Exchange of India. We surrendered our membership of NMC in August 2013 due to lack f volumes on NMC. Our company also engaged in making investments in various companies and equity share trading.
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off Thanisandra Main Road.
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Outer Ring Road, Near Hormavu Junction
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