Satra Properties India Ltd has informed BSE that the Company has acquired property situated at Juhu, Mumbai through its SPV, in which the Company holds 35% Equity stake.

The said Property is to be developed for providing luxurious Residential apartments with Modern and Hi end amenities. It is having potential to generate area of 99,500 Sq Ft (Approx) with Revenue of about Rs 182 Crores. The Construction work for the proposed project shall commence within a period of 2 months and is expected to be completed by the end of March 2010.