Overview
- The developer announced the development agreement in a regulatory filing, confirming expansion into GIFT City, Gandhinagar.
- The project will be an ultra-luxury, mixed-use scheme with over one million square feet of built-up area on Bachchan-owned freehold land.
- Rise Root Projects, a wholly owned subsidiary of Sri Lotus, will execute the project under a profit-sharing structure.
- The planned mix includes premium retail, Grade-A office space and high-end residences geared to financial, fintech and IT/ITeS demand.
- Sri Lotus did not disclose the investment amount and expects completion within four years after the project’s launch.