Supertech sells 250 flats worth Rs 150 cr in Gurgaon

Realty firm Supertech today claimed it has sold 250 apartments worth Rs 150 crore in its housing project in Gurgaon within two months from the launch.
The company is offering units at Rs 48 lakh in its project Azalia, Superetch said in a statement.
"There have been several reports about lack of appetite in NCR's real estate market but as the success of our project amply demonstrates, there are buyers in large numbers if we offer quality projects at right price. The sale of 250 Units within 60 days definitely sets a yardstick and points at an upward trend in the residential real-estate market," Superetch Chairman RK Arora said.

Meanwhile, the Allahabad High Court had in April 2014 ordered to demolish Supertech's two 40-storey towers in a Noida housing project. The company has challenged the high court order in the Supreme Court. The two towers -- Apex and Ceyane -- having a combined 857 apartments, of which about 600 flats are sold.
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Godrej Properties opens office in Singapore

Realty firm Godrej Properties today said it has opened an international representative office in Singapore.
"With the opening of this new representative office, GPL's second international office after its first one was opened in Dubai two years ago, GPL will engage directly with the Indian diaspora located across Singapore and neighbouring geographies," Godrej Properties said in a statement.

The company's Executive Director Mohit Malhotra said: "Singapore has been an important market for Godrej Properties and with this new office our customers will now be able to directly interact with GPL representatives in Singapore who will offer them an improved home buying experience."
Godrej Properties is currently developing residential, commercial and township projects spread across about 128 million sq ft in 12 cities.
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GPCL's Biz head appointed as ISA chairman * Godrej Consumer Products Ltd (GCPL) Business Head - India and SAARC Sunil Kataria has been elected as the Chairman of the Indian Society of Advertisers (ISA).

Kataria, as an active member of the executive council, has been lending robust support to the ISA, said a statement.
(Reopens DCM 122)
Prime Focus Q3 profit at Rs 22.67 crore
* Integrated media services provider Prime Focus Ltd today reported a consolidated net profit of Rs 22.67 crore for the third quarter ended December 31, 2016.
The company had posted a net loss of Rs 18.44 crore in the year-ago quarter, Prime Focus said in a BSE filing.
Its consolidated total income was at Rs 507.18 crore during the quarter under review. It was against Rs 468.52 crore in the corresponding quarter of the last fiscal.

The company said that its results were not comparable.
Shares of Prime Focus today settled at Rs 89.65 on BSE, up 0.73 per cent from previous close.
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Gitanjali buys DIPL to set up gems & jewellery park in Odisha * Gitanjali Gems Ltd today said its subsidiary firm has acquired Dynamic Infrazone Pvt Ltd (DIPL) for Rs 26 lakh with a purpose to establish a gems and jewellery park in Odisha.
In a BSE filing, Gitanjali said its wholly-owned subsidiary Gitanjali Infratech has acquired 100 per cent equity shares of Dynamic Infrazone.
Shares have been purchased at a face value of Rs 10 each and total cost of acquisition is Rs 26 lakh. It will act as a special purpose vehicle for the said venture, it said.

DIPL was set up in 2009 and has no turnover since last three years.