Ravinder Heights Shares Gain, Touch Upper Circuit on Winning RERA Licenses for Two Low-Cost Projects

New Delhi, October 6, 2025: Ravinder Heights Ltd (BSE: 543251, NSE: RVHL) shares gained nearly 5% hitting the upper circuit on Monday, trading after the company informed that its subsidiary Radhika Heights Ltd and group-associate entities received RERA licenses for two low-cost housing projects under Deen Dayal Jan Awas Yojana (DDJAY) in Gurugram.

Ravinder Heights Ltd is a real estate developer with specialisation in residential and commercial developments in North India. The company is listed on BSE and NSE and deals in mid-income and affordable housing through its joint ventures and subsidiaries, with a view to enhancing its presence in the organised housing market of the region.

Important Project Details

The licenses, granted to Radhika Heights Ltd and its fully owned subsidiaries, i.e., Nirmala Buildwell Pvt Ltd, Radicura Infra Ltd, Cabana Construction Pvt Ltd, and Sunanda Infra Ltd, permit collaboration with Bestech India Pvt Ltd for the development of two plotted colonies under DDJAY. The first, Bestech City 1, has an area of 39.43 acres, and the second, Bestech City 2, has an area of 12.38 acres, both in Village Harsaru, Sector 89A, Gurugram. These projects are aimed at providing affordable dwelling units to the middle-income group as per Haryana’s DDJAY scheme.

Market Reaction

As of 2:11 PM IST, Ravinder Heights Ltd shares were trading at ₹57.30, up 4.98% on the day. The counter recorded a turnover of ₹4.19 lakh, with 7,280 shares traded during the session. The stock’s 52-week range stands between ₹38.10 and ₹82.50, while its market capitalisation is ₹354.16 crore and the volume-weighted average price (VWAP) is ₹57.60.

Corporate Commentary

In its exchange filing, the company noted that these RERA approvals follow earlier Haryana Government Town & Country Planning Department clearances granted in 2021. The projects mark a continuation of Ravinder Heights’ push into affordable and mid-income residential housing, in partnership with established developers like Bestech India Pvt Ltd.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/98324478-e553-4002-94fc-0cb76dbfaf9d.pdf

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