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CHD Developers > Company History > Construction & Contracting - Civil > Company History of CHD Developers - BSE: 526917, NSE: N.A

CHD Developers

BSE: 526917|ISIN: INE659B01021|SECTOR: Construction & Contracting - Civil
Dec 12, 15:41
-0.06 (-4.8%)
VOLUME 41,259
CHD Developers is not listed on NSE
Company History - CHD Developers
Capital Hotels and Developers Limited was incorporated as a Private
 Limited Company under the name of Capital Developers Private Limited
 on 17th August, 1990. The company started its commercial operation on
 16th August, 1991. The Company was converted into Public Limited
 Company vide its Resolution passed in Annual General Meeting held on
 15th February, 1992 and the name changed to Capital Developers
 Limited. A fresh certificate of Incorporation dated 13th April, 1992
 to this effect was obtained from Registrar of Companies, Delhi and
 Haryana. The
 name of the Company has subsequently changed to Capital Hotels and
 Developers Ltd. and fresh certificate of incorporated dated 27th
 June, 1994 has been obtained from Registrar of Companies, NCT of
 Delhi and Haryana.
 The company is presently engaged in construction and sale of
 residential flats and commercial complexes in New Delhi. The major
 contracts completed by the company are
 a) Residential Flats at Anand Niketan (Project Cost Rs. 34.85 Lacs)
 and Greater Kailash, New Delhi.
 b) Commercial Complex by the name, Anchal Plaza at Vasant Kunj, New
 Delhi. (Project Cost Rs. 71 Lacs)
 Project 'Anchal Plaza' was completed in record time of one year. The
 other projects were all executed in time without any delays.
 Projects in hand
 The company has presently following projects in hand:
 (i) 'Capital Towers' at Indra Enclave is a commercial complex
 consisting of shops and offices. The project is being constructed on
 land acquired on lease from Delhi Development Authority. The cost of
 the Project is Rs. 58.20 Lacs. Theproject is 15% complete and 80% of
 the sale has been effected. The project is schedule to be completed
 by Mid, 1995
 (ii) Residential Flats at Greater Kailash - The company has entered
 into a construction agreement for development of 250 Sq Yds property
 at Greater Kailash. As per the agreement, the Company will construct
 Basement, Ground, First and Second floor with 1800 Sq Ft area on each
 floor.  The estimated cost of Project is Rs. 36 Lacs. The construction
 is to commence by September 1994 and expected to complete by September
 (iii) Residential Flats at Ambika Vihar - The company has entered
 into a agreement for construction of Basement, Ground First and
 Second Floor having 1200 Sq Ft. area each on property at Ambika Vihar
 measuring 182.22 Sq.  Yds. The estimated cost of project is Rs. 19.20
 Lacs. The Company has already completed 60% of the construction and
 the schedule date of completion is December, 1994.
 (iv) Radha Chambers - The company has acquired on lease a commercial
 plot at Vikas Purl, New Delhi measuring 169 sq mts from Delhi
 Development Authority for construction of shops/ Offices. The
 estimated cost of project is Rs.46 Lacs.  The  construction of the
 complex has already commenced and 60%  complete and is slated to
 complete by January/February 1995.
 (v) Capital Plaza - The company has also acquired two more plots of
 land from Delhi Development Authority (DDA) at Indra Enclave for
 construction of commercial cum shopping centre. Total cost of both
 the plots is Rs. 55.42 Lace, out of which the company has already
 paid Rs.14.50 Lacs (25%) to DDA.
 The construction industry is growing due to the increasing demand for
 infrastructure facilities like housing, office and commercial
 companies etc. The growth in the construction industry is due to
 increasing industrialisation and growth in GNP of the country.
 The housing sector holds vast growth potential. The national housing
 policy formulated by the Centre has set out priorities and plans for
 eradication of houselessness by the year 2001. On a conservative cost
 of Rs.50,000 per dwelling for the eradication of housing shortage of
 410 lac units in the country by the turn of this century, an
 investment of over Rs.2,05,000 crore is needed.
 The company will concentrate its activities in areas of proposed
 National Capital Region like Gurgaon and NOIDA. These areas provides
 tremendous potential for residential and commercial activities as it
 is near to the Capital and offers cleaner and pollution free
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 -CHD Developers Ltd has appointed Mr. Ashok Kumar Gupta as Additional
 Director of the Company w.e.f. December 14, 2006.
 -Company has changed its name from Capital Hotels and Developers Ltd.
 to CHD Developers Ltd.                                                
 - The Company had incorporated a 100% subsidiary in the name and
 style of M/s. CHD facility Management Pvt Ltd.
 - The Company has Purchased 99.99% Equity Share holding from the
 Promoters of the following Companies
 - M/s. Divine Townships Pvt Ltd.
 - M/s. Golden Infracon Pvt Ltd.
 - M/s. Horizon Realtech Pvt Ltd.
 Now these Companies are the subsidiaries of the Company.
 - The Company has launched another project named as CHD Lifestyle
 Independent Floors as part of its mega integrated township project
 CHD City at Karnal. Lifestyle Floors are Stylish, Comfortable and
 - CHD Developers' CHD Lifestyle Project completely sold out within
 just 6 weeks.
 - CHD Energy Private Limited has been incorporated as a Wholly Owned
 subsidiary of the Company.
 - The Company has acquired 5010 equity shares of CHD Hospitality
 Private Limited consequent to that later has become a Wholly Owned
 Subsidiary of the Company.
 - The Company on July 10, 2012 acquired 7000 shares of Empire
 Realtech Private Limited, pursuant to which the later has become
 wholly owned subsidiary of the Company.
 - CHD Developers Ltd has acquired 651450 equity shares of
 International Infratech Private Limited.
 - Board has recommended a Dividend of Rs. 0.10 Per share i.e. 5% on
 the share
 - CHD Developers Ltd. - Memorandum of Understanding with Government
 of Uttarakhand
 - CHD Developers Ltd has appointed  Mrs. Shashi Prabha Passi as a 
 Additional Director (Independent) of the Company.
 - CHD Developers acquires new project  in Gurgaon
 -CHD Developers Ltd. - Launch of New Project CHD Resortico in
 Sohna, Gurgaon
 -CHD Developers Ltd titled 500 Families Allotted Homes in Karnals
 First Affordable Housing Project, CHD Karnal Homes. 
 -CHD Developers launches CHD EWay Towers on Dwarka Expressway,
Source : Dion Global Solutions Limited
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