Shares of Sri Lotus Developers rose nearly 4 percent after the company announced its entry into Gujarat’s GIFT City with an ultra-luxury real estate project.
The company said it has signed a development agreement with Abhishek Bachchan for a prime land parcel in GIFT City. The move marks Sri Lotus Developers’ foray into one of India’s most strategic financial hubs, expected to benefit from strong demand for premium residential and commercial developments.
The market reacted positively to the announcement, factoring in the project’s high-value positioning, location advantage, and potential long-term revenue visibility.
