Supreme Holdings gets CIDCO nod for three extra floors at Belmac Infinity
The amended commencement certificate from CIDCO NAINA lifts the project from G+10 to G+13, adding saleable area for a nano-cap developer whose revenue has been sliding.
What's new
- CIDCO NAINA approved three additional floors at Supreme Holdings' Belmac Infinity project, moving from G+10 to G+13.
- The amended commencement certificate was issued on June 9, 2026.
- The company says the approval improves project value proposition and revenue potential.
Why this matters
For a nano-cap with a market cap of just ₹173 crore and a history of declining revenue, any addition to saleable area is material. While the financial impact is unquantified, this approval directly enhances the project's earning capacity and gives the company a tangible development update after a quiet period.
What we're watching
- Whether the extra floors translate into faster sales or higher realisations at Belmac Infinity.
- Any disclosure on the total saleable area or revenue contribution from the new floors.
- Market reaction given the company’s thin liquidity and prior revenue decline.
The full read
Supreme Holdings just got a vertical upgrade for its flagship project: CIDCO NAINA issued an amended commencement certificate for Belmac Infinity in New Panvel, permitting three extra floors that take the building from G+10 to G+13, a straightforward development right that means more saleable area. For a nano-cap developer with a market cap of just ₹173 crore and revenue that has been sliding, that matters. The company says the approval improves value proposition and revenue potential. Not quantified. Still, it's a tangible positive for a stock with thin volumes and little news flow — it doesn't fix the company's larger challenges, but it does expand what it can sell at Belmac Infinity.
Questions answered
- What exactly did CIDCO approve for Supreme Holdings?
- CIDCO NAINA issued an amended commencement certificate allowing Supreme Holdings to add three floors to its Belmac Infinity project, changing it from Ground plus 10 to Ground plus 13 floors. The certificate was issued on June 9, 2026.
- How does this affect the project's saleable area?
- The approval increases the total floor count by about 27% (from 11 to 14 floors including ground), proportionally boosting saleable area. However, the exact area added has not been disclosed.
- Is the financial impact of this approval quantified?
- No. The company said it improves value proposition and revenue potential but did not provide any revenue or profit estimates. The impact remains unquantified.
- Why is this approval significant for a company with ₹173 crore market cap?
- Supreme Holdings is a nano-cap real estate firm with declining revenue. Adding three floors to its key residential project directly expands its development pipeline, which could improve near-term earnings visibility and investor sentiment.
- What is CIDCO NAINA?
- CIDCO (City and Industrial Development Corporation) is the planning authority for Navi Mumbai. NAINA stands for Navi Mumbai Airport Influence Notified Area, the zone where Belmac Infinity is located. CIDCO issues commencement certificates for construction.