Management

Location: Old Madras Road, Bangalore
Variants : 3 BHK and 3 BHK+ Servant Apartments
Area : 1636 Sft. to 2082 Sft
Price : 85 Lacs Onwards

The Mumbai-based real estate developer wins awards for its residential and commercial projects at the CNBC AWAAZ Real Estate Awards 2012 Godrej Properties Ltd. (BSE scrip id: GODREJPRP) the real estate development arm of the Godrej Group, won three awards at the CNBC AWAAZ REAL ESTATE AWARDS 2012 ceremony held in Mumbai on 22 nd December. The Company received awards for its projects Godrej Garden City, Godrej Prakriti and Godrej  Waterside. Godrej Garden City, a township project at Ahmedabad, won award for the ‘Best Residential Project’ in Ahmedabad, in mid-segment category of projects that are 70% complete.

The Mumbai-based real estate developer launches the second phase of its residential project in Electronic City Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, today announced the launch of Phase II of Godrej E-City, its residential project in Electronic City, Bengaluru. Phase II will consist of two 5-storey buildings with total saleable area of approximately 2 lakh sq. ft. Customers can choose from 2, 2.5 and 3 BHK apartments, ranging from 981 sq. ft. to 1,575 sq. ft. at prices starting from about INR 42 lakhs. The entire development is expected to have approximately 800 apartments with about 1 million sq. ft. of space. Spread over approximately 15 acres, this project is planned to be launched in three phases.

Parsvnath Developers Limited (PDL), India's leading real estate and integrated infrastructure developer having a diversified portfolio registered operating revenue of Rs 150 Cr and Profit before Tax of Rs 28 Cr in second quarter ended on September 30, 2012. EBIDTA stood at Rs 98 Cr and EBIDTA margins stood at 65% for the same period.

DLF Global Hospitality Ltd. "DGHL", 100% step-down subsidiary of DLF Ltd., and Mr. Adrian Zecha, the founder and Chairman of the Amanresorts Group of luxury resorts, are pleased to announce the signing of a definitive agreement to effect Mr. Zecha's Management Buy-Out "MBO" of DGHL's 100% shareholding in Silverlink Resorts Ltd., the holding company for Amanresorts.

Revenue at Rs 2,157 Crore; Net profit at Rs 139 Crore

Editors Synopsis:

Financial Highlights –
Q2 FY13 (all comparisons with Q2 FY12)

Consolidated Revenue at Rs 2,157 crore, down by 16% from Rs 2,577 crore
EBIDTA at Rs 864 crore, down by 29% from Rs 1216 crore
Consolidated PAT at Rs 139 crore, compared to Rs 372 crore
EPS for the quarter at Rs 0.81
Q2 FY13 (all comparisons with Q1 FY13)

MUMBAI: Eighteen multi-storey buildings in the western suburbs have come under a cloud after the developer of a controversial Juhu building told the Supreme Court that, just like his 11-storey JVPD high-rise, these buildings too had plans with car parking decks on habitable floors.

Pappu Satra, the developer of the Juhu residential tower, was dragged to the Bombay high court for large-scale violations, including having car parking decks outside flats that allegedly could be later amalgamated into the flats' carpet areas. Satra has spilled the beans to the SC on 18 allegedly similar projects in Mumbai's western suburbs to justify his case.

Satra's JVPD Scheme project has become a test case for builders who build car parking slots adjoining apartments on higher floors. Civic activists allege that these slots are not really for parking, but are sold illegally at market rates and later surreptitiously amalgamated into the flat by the owner in connivance with the developer.