Moneycontrol PRO
HomeNewsOrbitcorporation
Jump to
  • Premium hike on FSI may throw TDR mkt into a spin: Industry

    The Maharashtra government has announced a premium for additional floor space index (FSI) availed by developers for construction. Gulam Zia of Knight Frank, Pujit Aggarwal of Orbit Corporation and NM Gattu of DB Realty discuss on the implications of the move.

  • See debt at Rs 600cr post Santacruz proj exit: Orbit Corp

    See debt at Rs 600cr post Santacruz proj exit: Orbit Corp

    Pujit Aggarwal, managing director and chief executive officer, says the company will have a total of seven projects on track by the fiscal year end.

  • Will pare debt by Rs 300 cr in next 2 quarters: Orbit Corp

    Will pare debt by Rs 300 cr in next 2 quarters: Orbit Corp

    While demand and enquiries for properties in Mumbai is good, Pujit Aggarwal, mananging director and chief executive officer, Orbit Corporation, adds that it is yet to translate into real sales.

  • Sales may pick up post 12-17% price correction: Orbit Corp

    Sales may pick up post 12-17% price correction: Orbit Corp

    Ramashrya Yadav, Joint CEO, Orbit Corporation says wherever the price correction has happened the volumes are slowly inching up.

  • Will cut Rs 250cr debt by Q4 via sale of 4 projects: Orbit

    Will cut Rs 250cr debt by Q4 via sale of 4 projects: Orbit

    Orbit Corporation feels that high interest costs have hurt the company's performance till now. The company will now focus on paring debt to reduce the interest costs going forward.

  • Mumbai realty inventory peaks; price fall imminent: Orbit

    Mumbai realty inventory peaks; price fall imminent: Orbit

    Ramashrya Yadav, Head Finance & Strategies, Orbit Corporation not only expects 20-22 percent price cut across the board but also sees weak earnings going forward.

  • See impact of rate cut in six months: Orbit Corp

    See impact of rate cut in six months: Orbit Corp

    Pujit Aggarwal, managing director, Orbit Corporation, in an interview on CNBC-TV18, points out to the boost in sentiment on the positive announcements made by the finance minister and the rate-cut by the RBI.

  • Seeing good traction in Mumbai realty market: Orbit Corp

    Seeing good traction in Mumbai realty market: Orbit Corp

    In an interview with CNBC-TV18, Pujit Aggarwal, managing director of Orbit Corporation says, as soon as the new regulatory policy got framed and notified on January 6, 2012, Mumbai real estate market is seeing a good traction. “We are seeing off-take across all segments be it residential, commercial, retail or malls,” he adds.

  • Revised FSI norm will ease new launches: Orbit Corp

    Revised FSI norm will ease new launches: Orbit Corp

    Reacting to Maharashtra government's new norms to overhauled the development control regulations to redefine the floor-space-index (FSI), Pujit Aggarwal, managing director of Orbit Corporation said that despite the push in the cost, the move will help realtors to launch new projects sooner.

  • Orbit Corp sees better balance sheet going into FY13

    Orbit Corp sees better balance sheet going into FY13

    Pujit Aggarwal, managing director of Orbit Corporation tells CNBC-TV18 that it is indeed a relief that interest rates have peaked. “What we are expecting now is that interest rates will moderate and start coming down going ahead,” he says. This will also boost liquidity in the system that will bide well for the real estate players.

  • Changing macro environment to benefit company: Orbit Crop

    Changing macro environment to benefit company: Orbit Crop

    Bad luck continues to plague infrastructure company Orbit Corporation which has posted disappointing results yet again. However, managing director Pujit Aggarwal maintains a positive outlook going forward.

  • Rising interest, input cost may hit FY12 margin: Orbit Corp

    Rising interest, input cost may hit FY12 margin: Orbit Corp

    Pujit Aggarwal, managing director of Orbit Corporation in an interview to CNBC-TV18 said, last one year has been nightmarish for the company due to concerns related to sanctioning of projects.

  • Any rate hike will impact cos margins by Rs 4cr: Orbit Corp

    Any rate hike will impact cos margins by Rs 4cr: Orbit Corp

    Pujit Aggarwal, MD, Orbit Corporation said that the company's current debt stands at Rs 800 crore. With analysts expecting a rate hike between 25-50 basis points, he says that the net impact on interest of the compay will be Rs 4 crore at max.

  • Orbit Corp bets on festive cheer for sales boost ahead

    Orbit Corp bets on festive cheer for sales boost ahead

    As sales slumped at a fast pace in Jan-March earnings of the leading Mumbai developer, Pujit Aggarwal, managing director of Orbit Corporation, reasoned that the sluggish execution due to several commercial and regulatory norms have delayed supply by about 12-18 months.

  • Budget neutral for housing sector: Orbit Corporation

    Budget neutral for housing sector: Orbit Corporation

    The budget this year has focused on affordable housing sector. Pujit Aggarwal, managing director of Orbit Corporation shares his views on the budget, in an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy.

  • Mumbai proj: Stop-work order may be lifted soon, says Orbit

    Mumbai proj: Stop-work order may be lifted soon, says Orbit

    Orbit Corporation, media reports suggest that Brihanmumbai Municipal Corporation (BMC) has issued a stop-work notice to the company's Marine Drive tower project for allegedly violating environmental and developmental control norms. Ram Yadhav, Orbit clarifies.

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