Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesEarth Infra to double revenue to Rs 800 cr in FY12

    Earth Infra to double revenue to Rs 800 cr in FY12

    Real estate company Earth Infrastructure is planning to double its revenue to Rs 800 crore in FY12 through its various housing projects in the NCR region, a top company executive said.

    May 22, 2011 / 14:23 IST

    Real estate company Earth Infrastructure is planning to double its revenue to Rs 800 crore in FY12 through its various housing projects in the NCR region, a top company executive said.


    The company's revenue in FY11 stood at Rs 400 crore, Earth Infrastructure Director Vikas Gupta told PTI here.


    "We are involved in affordable and medium housing that has a huge market demand. We expect to double our revenue through housing sales in this financial year," he said.


    At present, the overall project size is Rs 4,000 crore involving three housing projects in Greater Noida and two in Gurgaon, he said, adding the company is planning to raise it to Rs 5,000 crore in the current fiscal.


    The ongoing projects include Earth Towne, valued at around Rs 630 crore, and Earth Saphire (Rs 270 crore). The completion timeframe for both the projects is June 2013.

    first published: May 22, 2011 02:11 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347