Arunis Abode Limited informed that the Company has entered into Memorandum of Understanding on 21 January, 2022 with Shree Dwarka Co-Operative Housing Society Limited, a Society registered under the Maharashtra Co-operative Societies Act, 1960, bearing Registration No. W-S-W/HSG/TC 3875 dated 22TM June, 1989 and members of the said society to re-develop the property of the society by demolishing the existing building structure which is capable of being re-developed by utilizing existing F.S.I including T.D.R, Fungible F.S.I, roadwidth F.S.I upto 2.97 and road setback F.S.l and any other F.S.I available under the prevailing rules and regulations. The Company has submitted final offer for re-development vide letter dated 2 August, 2021.