Showing posts with label Real Estate Developers. Show all posts
Showing posts with label Real Estate Developers. Show all posts

Tuesday, July 21, 2015

Oberoi Realty raises Rs 324 crore through preferential issue of shares


Oberoi Realty today said it has raised over Rs 324 crore through preferential issue of shares to Aranda Investments, an indirect subsidiary of Temasek Holdings.

Mauritius-based Aranda Investments is a foreign portfolio investor and a wholly-owned indirect subsidiary of Temasek Holdings, the investment arm of the Singapore government.

".. approved the allotment of 1,10,00,000 equity shares to Aranda Investments (Mauritius) Pte Ltd at a price of Rs 295 per equity share, including a premium of Rs 285 per equity share, aggregating to Rs 3,245 million," Oberoi Realty said in a BSE filing.

Last month, the company's board had approved an allotment of shares to Aranda Investments.

The company has reported 24 per cent increase in its consolidated net profit at Rs 79.57 crore for the first quarter of 2015-16, compared to Rs 64.33 crore in the year-ago period.

Total income of the company rose to Rs 215.78 crore during the first quarter of 2015-16 from Rs 181.85 crore in the corresponding period of the previous year.

The Mumbai-based real estate player has developed over 36 projects aggregating about 6.5 million sq ft of space. Another 24 million sq ft projects are in various stages of development.

Meanwhile, the RBI said foreign institutional investors and registered foreign portfolios investors can now invest up to 30 per cent of the paid up capital of Oberoi Realty under the portfolio investment scheme (PIS).

The Reserve Bank, in a statement said the realty company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

"The purchases could be made through primary market and stock exchanges...," the central bank said.

Shares of the company closed at Rs 278.5 apiece on BSE, down 0.62 per cent over previous close.

Source: IndiaTimes

Thursday, June 18, 2015

Raheja Developers – Providing convenience through technology

Internet has made our world so much easier.  It has brought us to a stage where we intend to reduce manual labor and automate things. Our convenience and comfort has taken the front seat. Even the companies are soon understanding this and are trying to provide their customers with a new level of comfort. Raheja Developers Ltd. Innovations in technology has made us come across various channels that allow us to reach out to a whole new dimensions

Internet has been the biggest liberator for most of us. With its multi varied and dispersive benefits, it has penetrated into almost every sphere of our lives. It has constricted our giant orb, Earth over a virtual belvedere. Advent of internet has made convenience an affordable luxury. We aim to automate everything so as to reduce manual labor and increase the throughput.
Internet has had a stellar impact on the way business is conducted in the contemporary world. It has transformed the conventional methods of trading and replaced them with methodologies that are convenient to the customers as well as traders. With the surge in e-commerce portals and their huge success, more and more business operations are being transformed to suit to such platforms.  The business world has adapted itself to the changing trends .This potential of internet and e-commerce has touched upon the realty sector as well with giants like Raheja Developers employing the services of a leading e-commerce portal to facilitate their business. Raheja Developers Ltd. has recently entered an advertising agreement with Snapdeal where the traffic is diverted from online shopping site to the real estate developer’s site.
This step has led to a significant surge in the traffic at the developer’s site, registering above 5,000 visits per day.  Our esteemed Chairman and Managing Director, Mr. Navin Raheja has always been emphasizing on the elevating the customer’s experience and keeping in line with this view, we are looking forward to provide the customers with a convenience of making online payments for their purchases with us. This would have a multitude of benefits including an increased convenience of paying through credit/debit card and net banking combined with a secure transfer through a trusted gateway. We will also allow the customers to make these online payments in installments. This would provide them with a further relief.

Tuesday, May 19, 2015

Ansal Properties posts Rs 62 lakh profit in March qtr

Realty firm Ansal Properties and Infrastructure on Monday reported a consolidated net profit of Rs 0.62 crore in the quarter ended March 31 as against a loss of Rs 36.67 crore in the year-ago period.
Its total income fell by 25 per cent to Rs 261.09 crore in the fourth quarter from Rs 349.82 crore in the corresponding period of the previous year, it said in a filing to the BSE.
During the full 2014-15 fiscal, Ansal Properties net profit jumped more than threefold to Rs 20.44 crore from Rs 5.94 crore in the year-ago period.
Total income from operations dropped by 22 per cent to Rs 1,109.28 crore in last fiscal from Rs 1,414.45 crore in the 2013-14 financial year.

Source: IndiaTimes

Sunday, May 10, 2015

CHD Developers to invest Rs 350 crore in Sohna project


Realty firm CHD Developers plans to invest around Rs 350 crore in developing a new 10-acre service apartment project in Sohna, Gurgaon, under a JV model. 

"We have applied for the environmental clearence. As and when we receive it, we will start the construction. We aim to deliver the project in four years from now," said Gaurav Mittal, managing director, CHD Developers. 

The project located in Sector 34, Sohna, will offer a total of 1,370 one bedroom serviced apartments in the first phase of CHD Resortico at a base selling price of Rs 4,800-5,000 per sq ft. 



The Delhi-based company is also exploring opportunities to foray into other markets and is in regular talks with consultancies like McKinsey & Company for the same. "Land and territory are no boundations for us. We are looking to enter a market which gives us and our investors value for money," Mittal added. 

The company now has presence in two markets of Karnal and Gurgaon. It currently has four other projects under execution apart from the current launch -- Avenue 71, 106 Golf Avenue and CHD Vann in Gurgaon and CHD City in Karnal.

Source: IndiaTimes

Wednesday, April 15, 2015

HERO GROUP ANNOUNCES ITS REAL ESTATE VENTURE IN PUNJAB – HERO HOMES

Sunil Kant Munjal, Joint Managing Director of Hero Moto Corp Ltd. and Chairman of Hero Corporate Service Ltd. (parent company of Hero Realty Ltd.), speaking at a press conference at Ludhiana on Monday.

Ludhiana, April 13, 2015: The Hero Group,  today announced entry into Punjab’s real estate industry with its flagship value housing brand – Hero Homes . Hero Homes’ official tagline reads “India ka future yahaan rahega”. The project aims to provide feature rich, value housing to younger generations of India.  The first project under this flagship brand will be launched at Ludhiana.

Hero Homes Ludhiana, a uniquely designed residential project by Hero Realty Ltd., is located on the Sidhwan Canal Road, the fastest growing residential neighborhood for quality homes in Ludhiana.. The project is spread overa total land area of 16.48 acres. These Hero Homes shall be priced at a mid-segment range and will start at just Rs 40 Lakhs onwards. There are five types of units in the project namely - 2BHK + Kids Room, 3 BHK, 3 BHK + Services Room, 4 BHK + Servant, and luxury Penthouses with a choice of 4 and 5 Bedrooms. Common amenities on offer include a sprawling clubhouse spread over 25000 sq. ft. with multi-sport and recreational facilities, out-door play areas for children, multi-level security, power back-up, solar power and several world-class features that align with the Company’s policy of creating environmentally friendly and sustainable living spaces.

“As a group we venture into only those projects that at least one of us in the senior management is really passionate about.” said  Sunil Kant Munjal, Joint Managing Director of Hero Moto Corp Ltd. and Chairman of Hero Corporate Service Ltd. (parent company of Hero Realty Ltd.), speaking at a press conference here. “One of India’s largest problems is that while our population has grown exponentially, we’ve not been able to provide our numbers with the dignity of a well-appointed home. Such factors strengthened our conviction in committing ourselves to the real estate business. There are both emotional and strategic reasons for doing this in Ludhiana, a city we consider our home town. It gives me great pleasure to announce the launch of Hero Homes Ludhiana.”

“A rich, harmonious community plays an important role in lifestyle within the project. The concept design provides a comfortable and healthy residential environment that fosters community bonding. We’ll be engaging with residents on a consistent basis with lots of interactive activities such as art carnivals, marathons, engaging Home clinics and so on, where the residents can enjoy a secure and facilitating environment for themselves, their children and their parents.” added Munjal.

Hero Homes is built around four themes – Creativity, Fitness, Sustainability & Communities. The buildings and facilities within Hero Homes encourage its residents to rise above mere existence, and live life to the fullest. The residential complex would be replete with stimuli like art, sport and features that promote lively interaction. Open areas, parklands and greens shall provide a variety of opportunities for active and passive outdoor activities for fitness and recreation. The project has incorporated energy efficient and sustainable features in the building design. The structures have provisions for solar panels, providing residents the option of generating power for themselves. Arrangements have been made to enable 100% rainwater harvesting for on-site use and 100% ‘grey water’ utilisation for landscaping and flushing.

Each home design has been detailed meticulously to provide comfort and harmony in the resident’s life. With unique innovations such as maximum climatic responsive building planning, seasonal intelligent greenscaping, thoughtful features such as storage lofts, Puja spaces and laundry corner in every single unit, a Hero Home aims at elevating lifestyles to another level.

Home Clinic at Hero Homes is a very unique concept being introduced with a mindset of engaging residents within the project on all aspects of home and life improvement, from basic housekeeping concepts to home décor to cultural refinement for all members of the family, all with an overall purpose of evolving the lifestyle of residents.

Designed by renowned architects RSP of Singapore, and aided by energy efficiency and sustainability innovations from experts in the U.S., the architectural concept of the project aims to create an elegant, modern, Indian housing that reflects the spirit of the growing economy. The design solution is specific to the site and target market (mid-range pricing with quality specifications and ambience), which will be carried out in an integrated manner cohesively through architectural planning, interior layouts, environmental graphics, lighting design etc.