Rs 800 crore project: This micro-cap company has launched its iconic high-rise prestigious tower; details inside!
The stock gave multibagger returns of 500 per cent in 3 years and a whopping 800 per cent in 5 years.
Bharat Agri Fert & Realty Limited (BAFREL) has launched its iconic high-rise prestigious tower namely Wembely-24 (G+60 Floor) tallest in Majiwada thane to offer 457 BHK residential flats of 2/3 BHK. The total realisations from the Majiwada Project, comprising 457 flats, will be approximately Rs 800 crore in the next 4 years on a pro-rata basis out of which the cost of the project will be approximately Rs 300 crore since the land is owned by the company.
The project has garnered exceptional pre-launch interest, with 25 units already confirmed for pre-booking and an overwhelming response of approximately 150 inquiries on launch day, highlighting a strong market demand for quality housing. This enthusiastic reception reinforces the company’s commitment to delivering value through financial prudence, operational excellence and strategic execution, positioning for robust revenue growth and profitability in the upcoming quarters.
Earlier, the company ventured into the hospitality sector by constructing India's inaugural 7-star resort on a surplus 120-acre freehold land belonging to its existing Anchaviyo resort near Mumbai. This ambitious project, estimated to cost Rs 50-55 crore, will expand the resort's capacity from 80 to 250 rooms by 2025-2026, incorporating a state-of-the-art banquet hall and other premium amenities. The riverside location positions the resort as an ideal destination wedding venue, aligning with Prime Minister Narendra Modi's 'WED IN INDIA' initiative. BAFREL aims to solidify its presence in the hospitality industry within the next two to three years, potentially through a partnership with a prominent hotel chain.
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About the Company
Bharat Agri Fert & Realty Limited (BAFRL), was established in 1962 as a pioneering Indian company, initially recognized for being the first to manufacture NPK fertilizers through "Project Finance" from NRI investors. With three key business verticals – Fertilizers, Realty, and Hospitality – the company is strategically navigating challenges and pursuing growth opportunities. In the fertilizer business, the company is temporarily leasing out its assets to address supply chain disruptions, fostering potential future manufacturing operations. The Realty segment focuses on a landmark project in Thane City, developing 60 60-floor building with a commencement certificate from the planning authority received to build up to the 35th floor.
Today, shares of Bharat Agri Fert & Realty Limited gained 0.27 per cent to Rs 101.49 per share with an intraday high of Rs 105 and an intraday low of Rs 100.15 from its previous closing of Rs 101.22. The shares of the company have a 52-week high of Rs 132.45 while its 52-week low is Rs 76.99. The stock gave multibagger returns of 500 per cent in 3 years and a whopping 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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