Akruti City net profit at Rs 25,520 lakhs

Akruti City Limited today announced its annual results for the financial year 2008-09. While gross turnover of Rs 435.16 crores for the 12-month period, with a net profit Rs 255.20 crore. Earnings per share (EPS) is Rs. 39.69.

Commenting on the results, Managing Director, Akruti City Limited Mr Vyomesh Shah said, "Despite the turbulent times the real estate industry has been through, Akruti has done reasonably well. Our existing and forthcoming projects coupled with our prime land banks will help us achieve robust growth in the next financial year."

Responding to the latent demand in the market, India’s leading real estate developers Akruti City Limited, launched the ‘Just Perfect Homes’ series in the first week of January. The upwardly mobile urban family is on the lookout for a dream house, with all the modern facilities to fit into their budget. These families are willing to pay for the value derived in providing them the appropriate ambience to come home to from a hard days work and the environment in which they can raise their families. ‘Just Perfect Homes’ are residential complexes, which are esthetically designed, with maximum optimization of space, well conceived to meet the aspirations of modern living, and benefits, which hitherto was available only in high-end luxurious complexes. Apart from this the complexes come with facilities like clubhouses, gymnasiums, recreation parks party room and host of other features, which have now become an integral part of modern living. Critical is that these upcoming complexes come not only close to and convenient geographies in terms of a critical mass of urban employment, but also provide easy access to other facilities like good and reputable education facilities, and robust infrastructure like, convenient shopping, accessibility to public transport and state of the art medical infrastructure.

About Akruti City Limited
Akruti City Limited has expertise in developing specialized projects like multilevel automatic car parking structures, mega residential and commercial complexes, unique state-of-the-art malls, sprawling IT and Biotech parks as well as township projects.

Through its focus on innovation over the years, and a relentless pursuit of excellence, Akruti City Limited has emerged as one of the premier real estate development houses in the country.  The company currently commands a land bank of over 40 million square feet in the prime locations of Mumbai, Thane, and Pune and also has several tens of millions more square feet of locations in its projects outside these metros.

For more information on Akruti City Limited log on to : www.akruticity.com