MOU executed for IDA Uppal land: outright sale of 7,260 sq yds for Rs. 60 Crore, joint development of balance

Board of Bhagyanagar India Ltd approved and executed an MOU with M/s. Om Sree Builders and Developers LLP to monetise its land at IDA Uppal, Hyderabad.

Mon 12 Oct 2026

Consideration for outright sale

Rs. 60 Crore for 7,260 sq yds (1.50 acres)

Land area

~20,080.52 sq yds; balance ~12,820.52 sq yds under joint development

Company share of saleable area

30% of saleable area (~3 lac sq ft); definitive documents within 6 months

What the company told the exchanges

The Board of Bhagyanagar India Ltd, at its meeting, approved and executed a Memorandum of Understanding with M/s. Om Sree Builders and Developers LLP (LLPIN: AAV-7704) for the monetisation of the Company's land at IDA Uppal, Hyderabad. The MOU is subject to approval of shareholders, which the update says shall be initiated in due course.

The property

• Land admeasuring approximately 20,080.52 square yards at Survey No. 1, Block No. III, Plot Nos. A3/P and A2/P, Industrial Development Area (IDA), Uppal, Uppal Khalsa Village, Uppal Mandal, Medchal-Malkajgiri District, Telangana.
• The stated purpose is to monetise this land through a hybrid structure, unlocking value from a non-operational asset.

The structure is in two parts

• Outright sale of 7,260 square yards (1.50 acres) to the Developer for a consideration of Rs. 60 Crore, payable through an Agreement of Sale followed by a Sale Deed.
• Joint development of the balance of approximately 12,820.52 square yards (approximately 2.6489 acres) under a Development Agreement-cum-Irrevocable General Power of Attorney (DAGPA).
• The saleable area is shared 30% to the Company and 70% to the Developer. The Company's share is about 3 lac square feet of developed area.
• Definitive documents such as the DAGPA and the Sale Deed are to be executed within 6 months from the date of the MOU, or as may be mutually agreed by the parties.

Other disclosures in the annexure

• The Developer is M/s. Om Sree Builders and Developers LLP, registered office at H. No. 5-8-40, Rainbow Farm, beside Valerian School, Yapral, Secunderabad, Telangana - 500087.
• The Company's shareholding in the Developer is Nil.
• The Developer is not related to the promoter, promoter group or group companies.
• The transaction is not a related party transaction.
• No special rights such as board nomination, share subscription or restriction on capital structure are granted to the Developer.
• The update states there are no nominee director rights and no conflict of interest.

Points a retail investor can track

• The consideration of Rs. 60 Crore is stated for the outright sale portion of 7,260 square yards; the joint development portion is structured as a share of the built area rather than a stated cash amount.
• The shareholder approval is described as yet to be initiated, and the definitive documents are to be executed within 6 months, so the transaction is not yet completed.
• The Company is to receive 30% of the saleable area of the joint development portion, about 3 lac square feet, with 70% going to the Developer.
• No shares are being issued to the Developer in this transaction, and the Developer is not getting any board or capital-structure rights.

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