The MOU is signed for the purchase of the property which is situated at 106, Indian Corporation, Dapoda Village, Mankoli Naka, Bhiwandi, Dist- Thane.
The Company plans to develop residential or commercial property on the land for selling it to prospective customers. The indicative time period of completion of acquisition is expected to be 13 months.
According to the MOU, it has been entered to purchase property at prevailing Market price.
At around 11:05 AM, Sikozy Realtors was trading at Rs1.17 per piece up by 0.86% on Sensex.