Hubtown to develop residential project in Mumbai with Wadhwa Group; shares up 8%
Hubtown shares surged more than 8 percent intraday Monday as the company and the Wadhwa Group are jointly developing a prestigious sea facing residential project at Prabhadevi, Mumbai.
They named the project as 25 South: Bespoke homes by the bay.
A successful meet with channel partners and leading brokers was organised to announce the pre-launch of this project, Hubtown said.
The project had achieved financial closure, it added.
At 15:24 hours IST, the stock price was quoting at Rs 124.95, up Rs 6.45, or 5.44 percent on the BSE.