Shraddha Prime Projects531771New project launch
Param Adarsh Launched in Mulund West, Mumbai, with Estimated GDV of ~₹120 Crore
Shraddha Prime Projects announced the launch of Param Adarsh, a 21-storey development in Mulund West, Mumbai, situated opposite Mulund West railway station.
By ScoutQuest · · 2 min read
- Project Name
- Param Adarsh
- Project Scale
- 21-storey development
- Estimated GDV
- approximately ₹120 crore
What was announced
- Shraddha Prime Projects Ltd announced the launch of Param Adarsh, a 21-storey development in Mulund West, Mumbai, situated directly opposite Mulund West railway station.
- The estimated Gross Development Value (GDV) of the project is approximately ₹120 crore.
- The company said the location places the project in an established residential neighbourhood with better connectivity.
What GDV means
- GDV, or Gross Development Value, is the estimated total sales value a developer expects from a project once it is fully sold.
- It is an estimate made at the time of launch, so the money actually received depends on how sales progress over the life of the project.
What the management said
- Mr. Sudhir Balu Mehta, Managing Director, said Mulund has been an important market for the company and that Param Adarsh gives it an opportunity to strengthen its presence in the area.
- He described the location, right opposite Mulund West railway station, as a key advantage for residents looking for convenient connectivity within Mumbai.
- He said the project adds to the company's development pipeline, and that the focus remains on quality construction, efficient execution and delivering homes that meet the needs of today's homebuyers.
About the company
- Shraddha Prime Projects Ltd (formerly Towa Sokki Limited) is a Mumbai-based real estate developer. Its portfolio spans residential developments, slum rehabilitation (SRA) projects, redevelopment initiatives and MHADA projects.
- It offers housing across affordable homes, compact residences, premium and super-premium dwellings.
How to read this
- The update is a project launch carrying an estimated GDV of about ₹120 crore; GDV is a value the company expects from the project, not money already collected.
- The project is a 21-storey development in Mulund West, Mumbai, positioned opposite the railway station.
Also from Shraddha Prime Projects
Pandora by Shraddha launched in Nahur West; 110 of 471 units booked on launch day
12 Oct 2026
Proposed rights issue of ₹96.96 crore: 3 shares for every 20 held
7 Oct 2026
Record Date for Rights Issue Entitlement fixed as Thursday, October 15, 2026
1 Oct 2026
More numbers
- Estimated Gross Development Value (GDV)~₹120 Crore
- Estimated Gross Development Value (GDV) of Param Adarsh₹120 crore
- Storeys in the Param Adarsh development21-storey
Source: BSE · 13 Oct 2026
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