This is a proposed development. As you ca can see on this side,n 015, after you proposed the dne, they came out with a proposal for 124 million with a groundlevel basement. This is the slide that is before you, you can see that the area has been reduced to 127,000 square feet and a communitybased basement level. Why are we doing this project . Some of the this is listed on the slide. It includes the sustainability as indicated on this slide. The key to transaction document that you would be approving is what we call the Lease Development and dispostion agreement. The lgda is the agreement and it is going to be for a period of one year and will list all of the conditions of what you need to complete before the port will allow the lease to be recorded. During the period, it will be paying us for staff time. And they will have transaction costs that have will be moving the project forward. They will use this for financing the project and then keeping more time to close escrow because, you
Stocks to Watch: Hindustan Unilever, Cochin Shipyard, Hindustan Aeronautics, Alkem Laboratories, Siemens
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.