Vipul Limited has received no objection letter issued by PNB Housing Finance Ltd. (PNBHFL) for signing a Joint Venture Agreement with M/s Tulip Infratech Private Limited, for takeover of all development rights to carry out all developments activities in relation to residential project namely "Aarohan Residences" at Golf Course Road, sector-53, Gurugram, Haryana ('Project'). The purpose of entering into the agreement with development rights to carry out all developments activities in relation to residential project namely "Aarohan Residences".