Citadel Realty & Developers

Citadel Realty and Developers Limited is a real estate company primarily engaged in developing and selling residential properties, operating through various models like self-development and joint ventures. Its corporate governance is guided by a value system focused on culture, policies, and transparent relationships with stakeholders to enhance value. The company follows a three-tier governance structure for greater management accountability, which also facilitates increased business autonomy and performance. Currently, the company is developing a slum rehabilitation project in Bhandup, an eastern suburb of Mumbai, catering to the affordable housing segment. The company plans to use the funds raised from its preferential issue to reduce borrowings and finance working capital for its projects. This strategy supports the company's financial growth, which saw a standalone profit of ₹113.98 lakhs in the fiscal year 2023-24.;