### **Overview** B-Right RealEstate Limited (BRRL), incorporated in 2007 and based in Mumbai, is an integrated real estate developer and civil construction company focused on residential and commercial projects across the Mumbai Metropolitan Region (MMR). As part of the B-Right Group, the company operates under a customer-centric, innovation-driven model with a strong emphasis on redevelopment, sustainability, and operational efficiency. It completed its IPO on the BSE SME platform in July 2022, marking its transition into public market funding. Promoted by **Cheerful Dealtrade LLP** and **Blow Sales LLP**, led by Whole-Time Director Mr. Sanjay Nathalal Shah, BRRL has established a proven track record in delivering high-quality developments. The group has successfully developed and fully sold projects totaling **1.037 million sq. ft. of saleable area**. --- ### **Leadership & Management** - **Mr. Nishikant Shimpi**, appointed CEO in October 2024, brings over **32 years of corporate real estate leadership** experience from top-tier firms including Godrej Properties (15 years), L&T Realty (6 years), and K Raheja Corp. - Successfully led regional expansions, including Godrej’s entry into South India and a 720-acre project in Lagos, Nigeria. - Pioneer of India's first real-time NRI project tracking software and the world’s first **Automated Prepaid Reticulated Gas System** (2009). - At B-Right, he oversees overall operations, strategy, and growth. --- ### **Business Model & Strategy** B-Right follows an **integrated development model**, managing projects from inception to completion, with core capabilities across the full real estate value chain: #### **Core Business Focus:** - **Redevelopment of distressed buildings**, particularly under Slum Rehabilitation Authority (SRA) schemes and cooperative housing society (CHS) redevelopments. - **New construction projects**, emphasizing sustainability, quality, and market-driven design. #### **Revenue Streams:** - Project-based development fees - Consulting services - Equity stakes in redevelopment projects - Profit-sharing arrangements - Property management services #### **Growth Strategy:** - Combination of **organic development** and **inorganic expansion** through partnerships and strategic affiliations. - Geographic expansion from suburban to **central Mumbai** to tap high-demand urban zones. - Expansion into **fintech and proptech** via strategic partnerships with Truvien Fintech, Payru Fintech, Realxchange Realtech, and Socradamus Advisory Partners LLP. --- ### **Project Portfolio (as of Sep 2025)** - **Total Projects**: 31 - **In-house developments**: 24 projects (₹7,431.23 crores GDV, avg. ₹310 crores/project) - **Partnership projects**: 7 projects (₹945.05 crores GDV, avg. ₹135 crores/project) - **Upcoming projects represent 89% of the portfolio**, signaling strong growth momentum and a robust development pipeline. #### **Active Projects (Under Construction):** 1. **Nirvana** – Malad East 2. **Shrishti** – Khar West (RERA carpet area: ~12,000 sq. ft.; completed 11 slabs, Full C.C. received as of May 2024) 3. **Anand Bhuvan** – Vile Parle East 4. **Damayanti Villa** – Goregaon West #### **Key Upcoming Projects:** | Project | Location | Type | Land Area | GDV / FSI | Timeline | Ownership | |----------------|--------------------|--------------------------|------------------|-------------------------------|----------|-----------| | **GRANDUER** | Mulund West | SRA Project | 18,271.70 sq.m. | 1,079.84K sq.ft. GDA / ₹1,833 cr. | 6 years | 100% | | **SAFALYA** | Andheri West | Redevelopment (CHS) | 2,260 sq.m. | 256K sq.ft. GDV / ₹264 cr. | 3 years | 85% | | **SKY 54** | Malad East | SRA Project | 13,804.20 sq.m. | 1,023.55K sq.ft. GDV | 5 years | 100% | | **Veer Sambhaji Nagar** | Mulund West | SRA (with Yogi Ltd) | 18,271.70 sq.m. | ₹2,000 cr. GDV | TBC | 100% | | **Gagan Vihar**| Vile Parle East | Residential Redevelopment| 2,166 sq.m. | 2/3 BHK, 3-year duration | Upcoming | 90% | | **Lovely Cozy CHS** | Dahisar East | Residential Redevelopment| 2,100 sq.m. | 2/3 BHK, 3-year duration | Upcoming | 100% | > **Note:** GRANDUER and Safalya CHS are among the largest contributors to the company’s gross development value, with Grandeur alone accounting for ₹1,833.08 crores in GDV. --- ### **Subsidiaries & Corporate Structure** B-Right operates through a structured network of subsidiaries and joint ventures: - **Bhagya Construction India Private Limited** – Civil construction arm - **Parth Construction** – Executed bulk sale of ₹91.36 crore (Ambika Nagar SRA project) to Rustomjee Group - **Jaliyan Developers** – Developing SRA project in Kurar Village, Malad East (3.5 acres, 1.5M sq.ft. potential, ₹1,000 cr. GDV) - Other entities: B-Right RMBD Developers LLP, Darc Realty LLP, BRV Leasing Andheri LLP, B-Right Purple Realtors, B-Right Ssvarna Bombay Highlines Realty Pvt Ltd --- ### **Strategic Collaborations & Third-Party Orders** - Secured construction and development orders from prominent developers: - **Ajmera Builders** - **Oyster Living** - **Rustomjee Group** (₹91.36 crore bulk sale) - Partnership in **Shrishti (Khar West)** with **AUM Creators** - Investment partnership with **M/s Yogi Limited** for Veer Sambhaji Nagar SRA project --- ### **SRA & Redevelopment Focus** B-Right is a key player in SRA and urban rejuvenation: - **Ambika Nagar SRA (Jogeshwari East)**: - Plot: 10,222 sq.m., GDV ₹600 cr. - 15% of GDV already booked; remaining to be sold within 12–15 months - 5,971.80 sq.m. sold out of 39,000 sq.m. total saleable area - Includes PTC units usable by other developers for compliance - **Kurar Village SRA (Malad East)**: - 13,500 sq.m. land; 1 million sq.ft. saleable area - Will rehabilitate ~850 households (~4,000 people) --- ### **Competitive Strengths** 1. **End-to-end project execution** capability from concept to delivery. 2. **Efficient construction management** via dedicated procurement and vendor teams. 3. **Strong promoter legacy** and industry reputation. 4. **Focus on de-risking ventures** through timely execution and transparent practices. 5. **Strategic use of FSI and DCPR 2034 norms** to maximize project value. 6. **Diversified revenue mix** and risk-sharing through joint development models.