IPO Objectives
1. Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of our Under-construction Redevelopment Projects, and certain of our Upcoming Redevelopment Projects (“Funding Redevelopment Expenses”);
2. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company; and
3. Funding acquisition of future redevelopment projects and general corporate purposes.
