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Hubtown Ltd.

BSE: 532799 | NSE: HUBTOWN |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE703H01016 | SECTOR: Construction & Contracting - Real Estate

BSE Live

Dec 03, 16:00
14.07 0.67 (5.00%)
Volume
AVERAGE VOLUME
5-Day
38,365
10-Day
22,377
30-Day
9,934
92,738
  • Prev. Close

    13.40

  • Open Price

    13.58

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 03, 15:44
14.05 0.65 (4.85%)
Volume
AVERAGE VOLUME
5-Day
129,575
10-Day
114,683
30-Day
70,530
170,910
  • Prev. Close

    13.40

  • Open Price

    13.90

  • Bid Price (Qty.)

    14.05 (18175)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Hubtown
The Akruti group was founded by our promoters, Mr. Hemant M. Shah 
 and Mr. Vyomesh M. Shah. The Company has a history of over 17 years,
 
 commencing with the incorporation of Akruti Nirman Private Limited on
 
 February 16, 1989 and which was subsequently converted into a public
 
 limited company on April 11, 2002.
 
 At the time of incorporation, the registered office address of our
 Company 
 was at unit No. 6, 2nd floor, Tardeo Airconditioned Market Building,
 Tardeo, 
 Mumbai - 400034. With effect from December 26, 1994 it was changed to
 
 Maratha Mandir Annex, 1st Floor, Maratha Mandir Road, Opposite Bombay
 
 Central Station, Mumbai - 400008. Thereafter, with effect from April
 1, 1996, 
 it was changed to 2nd & 4th Floor, Mukhadhyapak Bhavan, Plot no. 6B,
 Road 
 no. 21, Sion (W), Mumbai - 400022. With effect from August 1, 2003,
 the 
 registered office of the Company was changed to the Akruti Trade
 Centre, 
 Road No. 7, Marol MIDC, Andheri (East), Mumbai - 400093, Maharashtra,
 which 
 is the present registered office of the Company.
 
 The Akruti group, founded by Mr. Hemant M. Shah and Mr. Vyomesh M.
 Shah 
 has a history over 17 (seventeen) years. The Promoters started their
 activities 
 on March 22, 1977 under the name and style of Vishal Constructions, a
 
 partnership firm. The Promoters and Mrs. Lata M. Shah were the
 partners of Vishal 
 Constructions. Mr. Hemant M. Shah, Mrs. Lata M. Shah and Vyomesh M.
 Shah HUF 
 were partners of the said firm sharing profit or loss in the ratio of
 50%, 30% 20% 
 respectively. Operations were started by undertaking civil
 engineering and
 developmental jobs for government and defence services. Vishal
 Constructions 
 was dissolved on December 27, 2001.
 
 Over the years, the Company has decided to leveraged its experience
 and expertise 
 for making forays into the execution of real estate projects
 independently.
 
 The Company has been involved as a construction company in a span of
 over 17 
 years. The Companys business activities span across residential,
 commercial and 
 retail sectors, supported by a strong management and operational team
 with vast 
 professional, educational and business experience.
 
 Key events and milestones relating to the Akruti group
 
 Year      Event
 
 1995     One of the few Private limited companies to join the SRA
 scheme with the 
              Government of Maharashtra. First Private limited company
 to receive 
              Transferable Development Right Certificate (TDR) bearing
 certificate 
              No. SRA/001 under the SRA scheme.
 
 1998     Started construction of one of the first few private
 software parks, Akruti 
              Softech Park, at MIDC at Andheri (East).
 
 1999     Award for valuable contribution to Slum Rehabilitation
 Project presented by 
              Accomodation Times. 
 
 2001    November 15, 2001, received ISO 9001:2000 rating from
 International Quality 
             Systems in relation to Design, Construction and
 Maintenance of the buildings- 
             Residential and Commercial. 
 
 2002    1. Completed construction of Akruti Arcade, a Commercial
 Project at Andheri (West),
             Mumbai. 
             2. Received DA2 certification from CRISIL, on March 8,
 2002.
 
 2003    The Company completed the construction of two landmark
 projects, Akruti Trade 
             Centre and Akruti Business Port.
             The Company was presented the Mother India award for
 excellence in IT 
              Infrastructure Development by Outsourcing 2India.
 
 2004     The Company was presented an award for active participation
 and valuable 
               contribution to construction industry, presented by the
 Practicing Engineering, 
               Architecture and Town Planning Association of India.
 
 2005      On November 25, 2005, the Company received reaffirmed DA2
 rating from 
               The Credit Rating Information Services of India,
 indicating a very good track record 
                of the developer to specify and build to agreed
 quality levels and transfer clear title 
                within stipulated time schedules.
 
 2006      One of the few Private players to deliver free houses to
 Slum Dwellers, currently 
                totaling over 9,300. 
 
 2007
 
 -Members of are hereby informed that the name of Akruti Nirman
 Limited shall be changed to Akruti City Limited w.e.f. November 12,
 2007.
 
 -Company has changed its name from Akruti Nirman Ltd.to Akruti City
 Ltd.                                                           
                                                          
 2008
 
 - HDIL & Ackruti City eye creamy south mumbai redevelopment pie.
 
 - Country's first twenty storey parking in Mumbai.
 
 - Akruti City bags two awards at artists in Concrete Awards 2007.
 
 2009
 
 - Akruti's Just Perfect homes gets excellent response.
 
 - Akruti's Just Perfect homes creates a frenzy.
 
 - Ackruti City to set up Rs. 300 cr Textile Park.
 
 2010
 
 - Ackruti City BKC Project gets 3 certifications.
 
 - Slum redevelopment to propel real estate growth.
 
 - CNBC CRISIL-CREDAI Real Estate Awards 2009.
 
 2011
 
 - Ackruti Launches Premium residential project in Andheri.
 
 - Ackruti City Changes Brand Name.
 
 - Ackruti City launches Hillcrest project.
 
 - Ackruti rebranded as Hubtown.
 
 -Company has changed its name from Ackruti City Ltd. to Hubtown Ltd. 
  
 
 2012
 
 - Hubtown launches 20 - 80 scheme in residential segment.
 
 - Hubtown launches 20 - 80 payment scheme at 2 residential projects.
 
 - Realtors rain EMI sweetners.
 
 - Popular marketing strategy scheme by mumbai developers.
 
 --Registered Office of the Company has been shifted to 'Hubtown
 Solaris', 2nd floor, N. S. Phadke Marg, Opp. Telli Gully, near Hotel
 Regency Andheri (East), Mumbai -  400069.
 
 2013
 
 -Board has recommended a dividend of Rs. 1/- (10%) per share of Rs.
 10 each for the year 2013.
 
 2014
 
 -The Registered Office of the Company has been shifted to the
 following new address: Ackruti Center Point. 6th Floor Central Road,
 Marol MIDC Andheri (East), Mumbai 400093.
 
 -Board has recommended a dividend of Rs. 1/- per equity share of face
 value of Rs. 10/- per share.