Monday, August 28, 2006
IVRCL Infra gets 43 acres of land in Noida
MUMBAI: Hyderabad-based IVRCL Infrastructures and Projects Ltd on Friday said it was allotted about 43 acres of land by New Okhla Industrial Development Authority (NOIDA) for group housing.
The company is planning construction of around 2.8 million square feet of housing in sector 119 and 121, scheduled to commence in December, the company informed the Bombay Stock Exchange.
This project would be developed through its subsidiary IVR Prime Urban Developers Ltd (IVR PUDL), a company engaged in real estate business, it added.
The revenues are expected to flow in by way of booking advances, from the last quarter of the current financial year.
IVR PUDL has recently commenced construction of a mall and IT Park of 2.2 million square feet at Gachibowli, Hyderabad.
The shares of the company were trading at Rs 231.10, up 2.01 per cent at the BSE.
The company is planning construction of around 2.8 million square feet of housing in sector 119 and 121, scheduled to commence in December, the company informed the Bombay Stock Exchange.
This project would be developed through its subsidiary IVR Prime Urban Developers Ltd (IVR PUDL), a company engaged in real estate business, it added.
The revenues are expected to flow in by way of booking advances, from the last quarter of the current financial year.
IVR PUDL has recently commenced construction of a mall and IT Park of 2.2 million square feet at Gachibowli, Hyderabad.
The shares of the company were trading at Rs 231.10, up 2.01 per cent at the BSE.
# posted by mashup @ 12:59 AM 
