November 05, 2025: B-Right Realestate Limited has announced a major step forward in Mumbai’s real estate landscape, with its step-down subsidiary, B-Right RMBD Realtors Private Limited, signing a development agreement to revive a long-stalled housing project in Andheri West.
The subsidiary has agreed with the United Commercial Bank Employees Co-Operative Housing Society Limited to redevelop a residential project that was launched in 2015 but had remained incomplete for over a decade. The delay had impacted 33 families, many of whom were living in unsafe conditions and struggling with rising rental expenses.
B-Right RMBD Realtors has now successfully settled pending issues with previous developers, investors, and existing society members, paving the way for construction to resume. The redevelopment is expected to bring long-awaited relief to the affected residents while contributing to Andheri West’s urban housing infrastructure.
The company informed BSE Limited about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in a filing dated November 4, 2025. This follows an earlier related disclosure made on March 6, 2025.
The project holds both social and economic significance, as it not only resolves a long-pending redevelopment but also seeks to restore community trust in delayed housing ventures. Through this initiative, B-Right Realestate aims to balance corporate responsibility with stakeholder value creation.
The revival of this project reflects the broader challenges of urban redevelopment in Mumbai, where regulatory delays, financial disputes, and stalled construction have impacted thousands of homebuyers. By stepping in to complete such projects, developers like B-Right Realestate are helping to restore momentum to the city’s housing sector and rebuild confidence among home seekers.
Source: Scanx
