Zandu Realty enter into agreement with realty developer Sheth Corporation

MUMBAI: Zandu Realty has entered into an agreement with Mumbai-based realty developer Sheth Corporation to construct, build and develop residential housing complex on its land parcel at Dadar in central Mumbai, the former said in a notice to Bombay Stock Exchange.

The 2.5 acre land parcel is being developed to commercially exploit the assets and properties of the company in the business of real estate.The said project is expected to be completed within a period of 42 months, the notice said.

On Friday, shares of Zandu Realty closed at Rs 1,792.05 on the National Stock Exchange, down 0.3% from Thursday close.