** Shares of Supreme Holdings and Hospitality NSE:SUPREME jump 10.5% to 86.99 rupees, their highest level since July 1
** The real estate co applies for building permissions for phased development on Panvel land parcels
** Co estimates gross development value of proposed projects to exceed 25 billion rupees ($283.7 million)
** More than 987,000 shares traded, 13.5 times their 30-day avg
** Stock down ~3% since listing in February
($1 = 88.1275 Indian rupees)