Shelter Infra Projects Ltd has informed BSE that:
'Shelter Infra Projects Ltd have expressed its interest to develop the Property (owned by other parties collectively) to a Commercial-cum-Residential affordable scheme and all the parties, have agreed to a certain terms and conditions to implement the proposed affordable Housing Scheme, for the particular purpose the Company have collectivity incorporated new LLP entity in the name of M/s. SANDHIJA INFRA DEVELOPMENT LLP and has entered LLP agreement on September 14, 2016 as required.
Since as infrastructure Developer Company, this kind of agreement should be treated as in normal course of business, instead of that the Company has decided to disclose due to heavy valuation of land, in which the Company is getting only development right by various owners of the property.
Further required details are attached herewith.'
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