Tag: Akruti

DLF to sell stake in JV to raise fund

DLF is looking to raise Rs 300-500 crore by selling its stake in a JV with Mumbai-based realtor Akruti City for a commercial project in Andheri. DLF has already scrapped a 5 star hotel project in Prabhadevi in Mumbai with Akruti. DLF was the majority stakeholder in the project. DLF has been looking to monetise […]

Delhi Slums Propose Huge Business To Realtors

Delhi Development Authority (DDA) is firming up an elaborate plan for slum redevelopment projects in the capital. It has appointed consultants to prepare reports on the redevelopment of 30 slum clusters. The developer is expected to build houses for the slum dwellers and in return gets a portion of the total space for development which […]

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 ÔÇťAkruti City continues to register […]