Hospitalisation is a long-term business with gestation period of 7-10 years and will surely be profitable over a period of time, Nirupa Shankar, Director, Brigade Hospitality.
Brigade Enterprises goes shopping - buys 13 acres of land for Rs 218 crore in Bengaluru for developing an IT park. In an interview to CNBC-TV18, KP Pradeep, CFO of Brigade Group spoke about the deal and latest happenings in the company.
Sameet Chavan, Chief Analyst-Technical Derivatives at Angel Broking Pvt Ltd, says although there is no sign of a reversal, one should not be too gung-ho or complacent with the current momentum.
Yuken India stock is up 680 percent this year. In an interview with CNBC-TV18, CP Rangachar, MD of the company spoke about the latest happenings in his company and sector.
Be selective in the real estate space, focus on players that have operational assets, says Adhidev Chattopadhyay, Real Estate Analyst, Emkay Global Financial Services.
In an interview to CNBC-TV18, Suresh Kris CFO of Brigade Enterprises spoke about when will bookings begin as well as about revenue contribution from the project.
In an interview to CNBC-TV18, Suresh Kris, CFO of Brigade Enterprises spoke about the implementation of real estate regulation and development act and gave his overview on the real estate market.
In an interview with CNBC-TV18, Suresh Kris, CFO of Brigade Enterprises said that the company took this decision as its hospitality business had grown with a substantial number of rooms.
The Bengaluru project to be jointly developed with Cornerstone Bay has developable area of roughly 5-6 million square feet and revenue potential of about Rs 2,500-3,000 crore, said Suresh Kris, CFO of Brigade Enterprises.
Speaking to CNBC-TV18 MR Jaishankar, CMD of Brigade Enterprises says he is bullish on the hospitality business, adding the company would retain majority stake in it.
The hotel, which will be Brigade's second Grand Mercure property, will have 150 rooms and the average rate for a standard room is Rs 6000, says Suresh Kris, CFO of Brigade.
Kansai Nerolac has additional land in Mumbai and Thane, but doesn‘t have any plans to liquidate them anytime soon, says HM Bharuka, MD of the company.
Adhidev Chattopadhyay, Real Estate Analyst at Elara Capital likes Oberoi Realty, Godrej Projects from Mumbai and Sobha Developers, Prestige and Brigade Enterprises from Bangaluru.
Suresh Kris, CFO, Brigade Enterprises, says the project has 109 villas spread over 18 acres of land.
Suresh Kris of Brigade Enterprises says the company will do well in H2FY16 vis a vis H1.
Brigade Enterprises has announced the launch of Plumeria at Brigade Meadows in Bangalore. The project offers two and three bedroom-hall-kitchen (BHK) homes.
Suresh Kris, CFO of the company says its cap-expenditure commitment for the projects is Rs 300 crore of which Rs 150 crore has already been incurred.
There has been a dip in demand for the high-end housing but has been compensated by demand for lower-priced or small-sized products, said JC Sharma, Vice Chairman & Managing Director of Sobha.
A lot of unrecognized revenue is still there and based on sales and expenditure to be incurred for this year, we think that we will be able to grow more than the estimated 30-35 percent this year, Suresh Kris, CFO of Brigade Enterprises told CNBC-TV18.
According to Suresh Kris, CFO, Brigade Enterprises the average realisation for the new project would be around Rs 4500 per sq but does not see revenue recognition from the new project in the current quarter.
Suresh Kris, CFO of Brigade Enterprises believes the company will be able to maintain EBITDA margin at 30 percent.
CMD MR Jaishankar expects 1.5-2 msf of launches in the next 2-3 months.
In an interview to CNBC-TV18, MR Jaishankar, chairman and managing director, Brigade Enterprise talks about the company‘s upcoming launches.
However, YD Murthy, Executive VP-Finance at NCC says the FDI notification does not pertain to engineering, procurement and construction (EPC) companies but the company will bid for EPC projects if NHAI bidding comes up
Suresh Kris, chief financial officer, Brigade Enterprises, says the average realization of the proposed project could be in the range of Rs 7000- 7500 per square feet.