Hampton Sky Realty secures approvals for construction of hospital in Ludhiana; shares soar

The extraordinary general meeting (EGM) of the company will be held on January 25, 2024 through Video Conferencing / Other Audio-Visual Means.

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Hampton Sky Realty, formerly known as Ritesh Properties and Industries, saw a 2 percent surge in its shares, reaching Rs 49.98 in the opening trade on January 15. This positive market movement is attributed to the company securing all the necessary approvals to commence construction on its hospital project.

At 09:33 am, Hampton Sky Realty was quoting at Rs 49.09, up Rs 0.05, or 0.10 percent, on the BSE.

“………… received all the approvals to start construction of the hospital project under name of Hampton Narayana Superspeciality Hospital,” the company said in a press release.

The company is starting construction in the coming week with a projected investment of Rs 200 crore and within municipal limits of Ludhiana on NH-5 connecting Ludhiana with Chandigarh.

The hospital is part of 43 acres project and will have all the super specialties with focus on Cardiology & Oncology.

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The extraordinary general meeting (EGM) of the company will be held on January 25, 2024 through Video Conferencing / Other Audio-Visual Means.

In December 2023, the company announced a High Street Commercial Project on 12 Acres land, which has already been acquired by the company at Ludhiana.

The company is launching commercial project with a projected investment of Rs 120 crore by 2024-25.

The company had foray in realty sector by entering into a joint venture agreement with developers Ansal Properties and Infrastructure (API) for developing a premium housing project and a business park in Ludhiana.

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