Akruti City Limited Reports One More Strong Quarter and Announces Interim Dividend of 18%

Akruti City Limited (ACL) (formerly known as Akruti Nirman Limited), one of the leading real estate developers of India, has stated total income of Rs. 140.02 crores ensuing in a net profit (after tax) of Rs. 72.14 crores (EPS of Rs. 10.81) for the third quarter ended December 31, 2007
“Akruti City continues to register rock-hard growth in all the uprights that we are participating in. Our expansion outside of Mumbai is continuing at a good snip and we have initiated a number of new projects in Maharashtra and Gujarat. With the proposed combination of capital from Private Equity players, the company is well on its way to continue to grow up and convey value to our stakeholders,” said Mr. Vyomesh. M. Shah, managing director ACL.

Akruti has a presence across the full variety of real estate from high-end super luxury complexes, mid-end extra-large residential complexes, commercial complexes, IT parks and SEZ’s spread over hundreds of acres of land, Biotech parks, robotic car parking towers, and townships. Over the past decade, Akruti has rehoused and rejuvenated a considerable number of slum families and repurposed the lands thus released towards developing better, greener, and cleaner cities.

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