Hampton Sky Realty Achieves the Nod of Approval to Build Hospital in Ludhiana

Hampton Sky Realty Ltd, which was formerly known as Ritesh Properties and Industries Limited, has announced the receipt of all necessary approvals to commence construction on its hospital project, named Hampton Narayana Superspeciality Hospital. This development follows the company's initial announcement on December 3, 2021. This significant step of the company marked Hampton Sky Realty Ltd's commitment to advancing healthcare infrastructure and providing specialized medical services to the community.

The extraordinary General Meeting (EGM) of the company will be held on 25^th January through video conference. They are all set to commence the construction work in the upcoming week. The project boasts a projected investment of Rs. 200 Crores. The hospital will be strategically located within the municipal limits of Ludhiana, situated on NH-5 connecting Ludhiana with Chandigarh. Covering 43 acres, the hospital will offer a comprehensive range of super specialties, with a particular focus on Cardiology and Oncology.

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. The company has market capital of Rs.13.447billion with an outstanding share of Rs.274.21million.The Company started Trading of Shares Derivatives Options Forex Commodities and Other Financial Instruments and as a result the Shares of the Company got listed on Bombay Stock Exchange Mumbai in 2019. The 3 Group Companies Ritesh Spinning Mills Limited Ritesh Impex Private Limited H B Fibres Limited (Transferor Companies) merged with and into Ritesh Properties and Industries Limited (Transferee Company / the Company) through Scheme of Amalgamation on August 25 2021 with Appointed Date 1st April 2018.