Press Esc to close
Saturday 01 November 2014
News updated at 2:02 AM IST
Weather
Max: 28.4°C
Min : 18°C
In Bangalore
Partially cloudy

SRS Real Infrastructure eyes Rs 1,200-cr revenue in FY'14

Mumbai, Sep 9, 2013 (PTI)

While the sentiment in the real estate sector continues to be sluggish, realty player SRS Real Infrastructure is eyeing Rs 1,200 crore of revenue this fiscal, mainly on the back of new launches, a top company official has said.

"The current economic scenario is certainly not favourable. But we are bullish about our growth prospects and expect to achieve a topline of Rs 1,200 crore this fiscal," the company's Chairman and Managing Director Anil Jindal told PTI here.

The company had clocked a turnover of Rs 851 crore in 2012-13, registering over 17 per cent growth in FY 2012.


"We have a land bank of around 450 acres which offers us a rich scope for future developments. So overall, we are on a strong ground, and this makes me look confidently towards the future," he said.

The BSE-listed firm has projects, including residential and commercial, mainly in the Delhi-NCR region.

"We have projects in Faridabad, Greater Faridabad, Palwal, Rewari, Kurukshetra and Panchkula. We recently entered Maharashtra by launching a project 'Nex-Boulevard' in Karjat, under which we will be offering villas, creating it as a second home destination for our customers," Jindal said.

The company plans to launch over 2 million sqft of projects during the fiscal.When asked about raising funds for its expansion plans, he said, "We already have enough land bank. Whatever extra funds we require will be funded through internal accruals," he added. 

Go to Top

Photo Gallery
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523