Vipul Ltd India’s leading real estate developer, has recorded revenues of Rs 81 crore for the quarter ended 30 June 08 an increase of 5% from seventy seven crore rupees in Q1FY08. EBITDA for the Q1FY09 stood at Rs 15.38 crore, up by 21 percent as compared to Rs 12.74 crore in the corresponding period previous year. Net profit for the year stood at Rs 8.89 crore in Q1 FY09 as compared to Rs 8.00 crore in Q1FY08. The EPS for Q1 FY09 stood at Rs 1.48 compared to Rs 1.39 in the corresponding quarter last year.
The Company had currently announced the launch of Vipul Gardens, a Group Housing project at Dharuhera. The project is strategically located on NH-8 in Dharuhera, a half hour drive from Gurgaon. Vipul World Dharuhera would have a total built up area of approx. One Million Square Feet and will showcase six hundred thirty five apartments with a choice of living between 2 & 3 bedroom apartments.
Vipul Limited has already delivered about 6.5 Million Sq. Ft. and is presently working on an area of about Ten Million Square Feet in Gurgaon, Manesar, Dharuhera, Ludhiana, Bhubaneswar and Nagpur.
New Delhi:- Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease Equated Monthly Instalments burden until possession.
So, while realty companies together with Parsvnath Developers are broadcasting ‘No Equated Monthly Instalments until possession’, others such as BPTP and Gaursons are offering 2-yrs Equated Monthly Instalments holiday on specific projects.
“For those who are presently living on rent, the scheme makes logic as the Equated Monthly Instalments load kicks-off only after possession,” says Mr Amit Raj Jain. BPTP’s group housing project, ‘Resort’, in Faridabad offers a 2-yr ‘Pre-Equated Monthly Instalments interest’ to the bank on behalf of buyers.
Dr B.P. Dhaka, COO told that Parsvnath’s Sonepat project, ‘Parsvnath Preston’, reimburses the Monthly Instalments paid prior to possession. “Such value-addition is gaining popularity as the customer is motivated to make the down payment and can then relax till possession. From the point of view of the developer, it ensures timely completion of the project as the fund flow is assured.
KDP Infrastructure has announced that ‘No pre- Equated Monthly Instalments for 18 months’ upon payment of fifteen per cent of the booking amount on its ‘Grand Savanna’ project in Ghaziabad; Gaursons India makes a ‘No Equated Monthly Instalments till 24 months’ offer to buyers of ‘Gaur Grandeur’ at Noida; and JMD Gardens’ project in Gurgaon promises that Equated Monthly Instalments payment would start ‘only after house entry.
By manish
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Posted in Property News
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Also tagged BPTP, Dhaka, Faridabad, Gaursons, ghaziabad, Jmd, noida, Parsvnath Developers, Realty, Realty Cos, Realty Market, Sonepat
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‘Affordable homes business’ is going to be the next big trend in Indian real estate sector. Global private equity firm Warburg Pincus will invest $75 million in Unique Affordable Homes Pvt Ltd, part of the Jaipur-based Mannat Group company. The company will build affordable housing projects in North and Western India. In its first pure play real estate deal in india, Warburg Pincus will provide an initial equity line of up to $ 75 million to the venture. The deal was facilitated by Asipac. AZB & Partners provided legal advice to Warburg Pincus, while Chir Amrit Law Chambers assisted Unique Builders on the transaction. Read More »
By Rajani
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Posted in Property News
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Also tagged Azb, Development, Finance Corporation, Havells India, Hdfc, Kotak Mahindra, Max India, Moser Baer, Nicholas Piramal, Private Equity Firm, Punj Lloyd, Real Estate Sector, Warburg Pincus, Wns Global Services
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Ansal Housing & Construction has launched its group housing project, Ansals Tanushree. The project is on the NH 24, Ghaziabad. The project offers 2- and 3-BHK apartments with a built-up area ranging from 1,238-1,700 square feet. These apartments will be housed in three towers. The apartments range between Rs 29 lakh and Rs 40 lakh. Some of Ansal Housing’s earlier projects in Ghaziabad are: Neelpadm Kunj, Garden Enclave, Aavantika, and Chiranjiv Vihar. It has also developed Fortune Arcade in Noida, Golf Links I & II in Greater Noida, and Aashiana in Lucknow.
By Rajani
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Posted in Property News
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Also tagged , aashiana, Ansal Housing, Apartments, avantika, chiranjiv vihar, fortune Arcade, garden enclave, ghaziabad, Greater Noida, lucknow, neelpadm kunj, noida
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February 1, 2008 – 8:07 am
Parsvnath Developers Limited is the most diversified and widespread real estate developer in India. It has 115 continuing projects with a developable area of over 191 mn sq.ft. Parsvnath Developers has been in the market for more than 20 yrs.
On Jan 02, 2008, Parsvnath Developers has declared that the Company has got LoI from Director Town and country planning Haryana to develop an IT Park project on Main Gurgaon, Sohna Road just 3 kilo meters away from Rajiv Chowk, Gurgaon. Approx Rs 650 crore is expected as a profit from this project within two financial years. The project is expected to start within three months and will be completed within 2 years. Parsvnath Developers already has one IT Park in Chennai.
On Dec 28, 2007, Parsvnath Developers Ltd has announced that the Company has achieved the completion and possession certificate from NOIDA Authority for its Group Housing project at Noida, Parsvnath Prestige for the second phase.
On Dec 27, 2007, Parsvnath Developers Ltd has declared the beginning of its premium commercial project in the city of Raipura, Punjab. The project is named as Parsvnath Highway Mall. The project is in particular designed to offer commercial space to house large format stores showcasing range of aspiration brands to customers and will have a total saleable area of approximately 2.30 lac sq. ft.
