Puravankara this autumn internet profit zooms over two-fold

Bangalore: Real-estate developer Puravankara cluster these days reported an over two-fold jump in consolidated internet profit at Rs forty six.05 crore for the fourth quarter ended March thirty one, 2012.

The city-headquartered company’s revenues throughout the quarter grew by forty nine per cent to Rs 232.11 crore.

The board of the corporate has counseled a dividend of twenty per cent.

Revenues for 2011-12 were up thirty six per cent at Rs 815.46 crore, whereas internet profit rose by fifteen per cent to Rs a hundred thirty five.73 crore.

Sales realisation for the cluster within the year was Rs three,930 per sq ft against Rs three,303 per sq ft within the previous fiscal.

“We expect 2012-13 to supply a a lot of conducive surroundings in terms of the varied growth indicators and believe that absorption levels can increase,” Chairman and Managing Director Ravi Puravankara said.

The company said it's done well each within the luxury and premium reasonable segments and has maintained margins each at the gross and PBT levels.

Noida authority could mark Rs five,000 crore for key works

NOIDA: In its 1st meeting since the amendment of guard within the state, the Noida Authority board is predicted to budget Rs five,000 crore for necessary development comes within the town. The meeting tentatively scheduled for the second week of June can concentrate on necessary public comes, besides the 5 chosen by the new chief minister.

To get rid of the previous regime’s ‘corruption’ baggage, the authority’s new CEO Sanjiv Saran has fashioned a committee that may probe allegations of graft within the sanctioning of nearly one hundred fifty comes price over Rs 700 crore. “Currently, comes price over Rs one crore every, that were sanctioned when December last year by completely different departments, are within the method of being reviewed,” Saran said.

The additional CEO and heads of all the departments, as well as civil, planning, sewage, horticulture, water, power etc, are asked to place forth details of their respective comes by the tip of this month for scrutiny by the finance department.

The focus of the authority’s budget are going to be on problems directly linked to the common man, as well as roads, public transport, sanitation and horticulture. The CEO stressed that his “agenda would be to push the necessary mega-projects towards completion”.

Projects just like the three.9km Metro extension estimated to value Rs 786 crore, that is an element of Delhi Metro’s phase-III set up, are going to be taken up immediately.

“We are solely looking forward to the state government’s approval,” Saran said.

The Rs 1,800 crore estimate for the vi.7km Metro extension from the town Centre station – connecting Sector thirty two with Sector sixty two and touching NH-24 – is additionally expected to be included within the budget. The proposed elevated stretch on Master set up Road-II from Vishwa Bharti Public faculty to Shopprix Mall in Sector sixty one, and also the flyway between sectors nineteen and twenty seven up to Spice Mall are possible to induce the go-ahead.

Other comes on the agenda are the elevated road higher than the Shahdara drain; new bridge over the Yamuna and also the 3 proposed underpasses along the Master set up road-III to supply signal-free access at some stage in Metro route extension.