Akruti City, the Mumbai based real estate development company has posted 287 per cent rise in net profit for the financial year ended March 2008 at Rs 299.26 crore as compared to Rs 77.22 crore posted in the previous financial year (2006-2007).
Total income of the company was recorded at Rs 4,704.55 crore as compared to Rs 198.58 crore posted last year.
The group deals in the development, sale and lease of commercial, residential, retail and industrial property.
Source : business-standard.com
Send an E-Mail for mumbai Property Enquiry!
Related News from Mumbai
INTERVIEW - Akruti plans US$200 mln IPO in Mumbai
TAIPEI (Reuters) - Indian real estate company Akruti Nirman Ltd. plans to list in Mumbai by the end of this year to raise about US$200 million to fund projects in the fast growing Indian property market. Outside India, the Mumbai-based company is also looking for business partners in Taiwan and plans to tap other markets, such as Europe and the United States, managing director Vimal Shah told Reuters. "We are planning to raise around US$200 million, mainly to fund the setting up of cities, construction of cities and also infrastructure," Shah said on the sidelines of a business seminar in Taipei. Akruti currently
Pune surpasses Mumbai in software exports
Pune : Mumbai, here we come. In 2005-06, Punes software exports soared to Rs 9,100 crore, overtaking Mumbai (Rs 7,300 crore), and registering a 48 per cent jump from 2003-04 (Rs 6,150 crore). The biggest contributor to the kitty was Infosys Technologies. The companys software exports from Pune was worth Rs 1,419.97 crore during the year — the only one in the Rs 1,000 cr plus bracket — followed by TechMahindra at Rs 832.61 crore. While Wipro contributed Rs 446.75 crore to software exports from the city, HSBCs development centre recorded exports worth Rs 385.91 crore from Pune. And though
Fourth in state on property theft count
Pune is fourth in the state in terms of property stolen last year, but overall such thefts have multiplied five times since 2003. With property worth Rs 66.9 crore stolen in 2007, Pune follows (Rs 339.45 crore), Nagpur (Rs 166.44 crore), and Thane (Rs 68.69 crore), according to Crime in Maharashtra 2007, a report released by Deputy Chief of Minister R R Patil on Monday. Across the state, property worth a whopping Rs 1022.44 crore stolen, while just Rs 146.2 crore was recovered. The theft figure is 41 per cent more than that of 2006, and 163.9 per cent more
Mumbai Metro bids are too high, feels govt
Even as the state government is evaluating the bids for Mumbai Metro rail project, senior government officials said that the bids were on the higher side. “We were surprised to find the bids too high,” said T Chandrashekhar, additional commissioner of the project executor Mumbai Metropolitan Region Development Authority (MMRDA). He said Reliance Energy Ltd (REL) and IL&FS, the bidders, have asked for a viability gap funding between Rs 1,235 crore and Rs 1,269 crore. This, he said, was more than double what the government had envisaged earlier at around Rs 500 crore. Another senior government official
Deshmukh seeks relief package for Maharashtra
Maharashtra Chief Minister Vilasrao Deshmukh met Prime Minister Manmohan Singh today to pitch for a massive relief package for the flood-hit state. Deshmukh told the Prime Minister that he needed almost Rs 12,000 crore to get Maharashtra back on its feet. This money would include Rs 1,200 crores to improve the drainage system in Mumbai and an ambitious plan to resettle over one lakh slum dwellers who live around the Methi river. "We have asked for a special package for Mumbai, almost Rs 3500 crore, of which Rs 1,200 crore will be spent on improving the drainage system in the city," Deshmukh said. "We