Siva Group Hold 13.88% in Arihant

Tue, 29 Jun 2010 05:36:27 +0000

The Siva Group owned by NRI C Sivasankaran has acquired a stake of 13.88% in Arihant Foundations and Housing which is a Chennai based firm.
On Monday, Arihant informed the Bombay Stock Exchange (BSE) that Saravna Enterprises, Siva Projects Engineering and Enterprises and S Jayalakshmi have picked up the stake. Before this deal, Siva Group held 0.32% stake.
Arihant is a leading player in the realty market. This is also evident by its net sales of Rs 158.9 cr. and net profit of Rs 2.8 cr. in the time period of September 2008 to September 2009. It also has a surplus of Rs. 138.2 cr.

A top official of Arihant said that Siva Group has bought the stake as part of their treasury operations. Although promoters have a stake of 65% in Arihant, but dilution is still not needed. The Siva Group has entered the stake market a few months ago. Recently, it bought 12% stake in Ruchi Soya Industries.

Word to Developers: Have 3D Floor Plans

Mon, 28 Jun 2010 04:37:44 +0000

If you plan to develop a project now then 3D floor plans can be of great help in both saving time and money.

With the 3D floor plans, you can easily visualize and understand better which in turn will bring better and focused results. It is even useful for the buyers who then will have a proper view of your project.
Some of the benefits of 3D floor plans are:

It provides the exact view of floors to both developer and buyer.
It brings ease in improving the plan as per need instead of changing the whole plan and start from scratch again which is obviously both expensive and hectic.
It also attracts lenders due to its proper design and colors which may lead to better sale.

India Real Estate Link » Sales

Siva Group Hold 13.88% in Arihant

Word to Developers: Have 3D Floor Plans