Sri Lotus Developers jumps after entering Gift City with ultra-luxury project

The expansion into GIFT City marks the company's first project in Gujarat and a significant milestone in its expansion beyond its core Mumbai market. The project will be undertaken through its subsidiary, Rise Root Projects, which has entered into a development agreement with Abhishek Bachchan having profit-sharing arrangement, enabling the company to leverage its core strengths in design, planning, development, and execution.

The proposed development will comprise a thoughtfully planned mix of premium retail, Grade-A commercial office spaces and high-end residential units etc. The project is designed to address the growing demand from financial institutions, fintech firms and IT / ITeS companies.

Supported by the company's strong execution capabilities and proven track record of timely delivery, the project is expected to be completed over a period of 4 years post launch of the project.

Anand K Pandit, chairman & managing director, Sri Lotus Developers & Realty, said, 'We are pleased to announce our entry into the GIFT City Area, Gandhinagar with our flagship ultra luxury mixed use project. GIFT City is rapidly emerging as a premier global financial and business hub, supported by progressive policy initiatives, robust infrastructure development, and increasing interest from domestic and international investors. Our expansion into this market is driven by the objective of addressing the rising demand for premium and ultra-luxury residential and commercial spaces within the region.'

Sri Lotus Developers & Realty is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR).

The company's consolidated net profit fell 8.4% to Rs 46.15 crore despite of 43.5% jump in net sales to Rs 176.11 crore in Q2 FY26 over Q2 FY25.

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