Godrej Properties Limited (GPL), a real-estate developer, has announced its financial results for the fourth quarter and year ended March 31, 2017. Its Q4 FY17 net profit came in at Rs 63 crore. FY17 net profit has gone up by 30 per cent y-o-y to Rs 207 crore.
Category: ECONOMY & POLICY
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Reviving growth and job creation key priorities, says CII President
“(The) industry is completely ready for introduction of the landmark tax reform from July 1, 2017. CII has been calling for a single national tax for the last ten years and we will try to make its implementation as smooth as possible,” said the CII President.
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States urged to notify RERA, have full-time regulators in place
Rajiv Ranjan Mishra, Joint Secretary, Ministry of Housing and Urban Poverty Alleviation, has urged the states to complete the process of notification and appointment of full-time regulators at the earliest for Real Estate Regulation Act (RERA) to positively impact sales and the industryÂ’s profit.
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Godrej Properties sells over 1,000 apartments across three new project launches
Godrej Properties, one of India’s leading real-estate developers, has announced that it has sold over 1,000 apartments across three new project launches — Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida, and Godrej 24 at Hinjawadi, Pune — since March 2017.
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PM reviews infra performance, calls for adherence to deadlines
Prime Minister Narendra Modi has reviewed the progress of key infrastructure sectors, including roads, railways, airports, ports and coal.
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Trench Shoring
India is currently witnessing a surge in construction activities, and the objective is to streamline project delivery by reducing risks and mishaps. Keeping this objective in mind, the Bombay Chamber held its first seminar in the 'Infrastructure Innovation Series' in collaboration with SBH Germany on the topic of 'Trench shoring'.
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The Land Summit 2017
The Economic Times, in partnership with AUM LAI, has brought the Land Summit 2017 for the first time to India. The conference, powered by Gazenia Shelters, was a global conference on land economics, infrastructure development and finance, organised to contribute to the ecosystem for holistic land-use development.
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M3M Group delivers five projects
GurgaonÂ’s real-estate market has started showing signs of revival with the M3M Group delivering five key projects after demonetisation. The move was expected to curb black money, but it also resulted in a slowdown in the real-estate sector. But now the scenario is changing, as players like M3M, one of the leaders in the luxury segment, have started to deliver key projects within a short span of time, post demonetisation.
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Builders in Vijayawada to import cement to combat cartelisation
Alleging that cement companies were engaging in cartelisation, buildersÂ’ associations in Vijayawada have decided to import cement from Sri Lanka, China, Bangladesh, Malaysia and Korea.
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MEP Infrastructure signs MoU with CIDB’s Malaysian arm
MEP Infrastructure Developers has signed an agreement with an arm of the Construction Industry Development Board (CIDB Malaysia) for joint development of projects in India. “The company has entered into a Memorandum of Understanding with CIDB Holdings SDN BHD to promote and develop their cooperation by knowledge sharing and introducing best practices towards joint development of highways and expressways projects in India and related investment,” the company said in a regulatory filing.