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Prime Property Development Corporation Ltd.

BSE: 530695 Sector: Infrastructure
NSE: N.A. ISIN Code: INE233C01023
BSE 10:13 | 25 Jun 12.46 -0.65
(-4.96%)
OPEN

13.41

HIGH

13.41

LOW

12.46

NSE 05:30 | 01 Jan Prime Property Development Corporation Ltd
OPEN 13.41
PREVIOUS CLOSE 13.11
VOLUME 13354
52-Week high 17.95
52-Week low 7.21
P/E
Mkt Cap.(Rs cr) 21
Buy Price 12.47
Buy Qty 50.00
Sell Price 13.40
Sell Qty 100.00
OPEN 13.41
CLOSE 13.11
VOLUME 13354
52-Week high 17.95
52-Week low 7.21
P/E
Mkt Cap.(Rs cr) 21
Buy Price 12.47
Buy Qty 50.00
Sell Price 13.40
Sell Qty 100.00

Prime Property Development Corporation Ltd. (PRIMEPROPERTY) - Chairman Speech

Company chairman speech

PRIME PROPERTY DEVELOPMENT CORPORATION LIMITED ANNUAL REPORT 2009-2010 CHAIRMAN'S REPORT Real Estate industry resumed its growth in 2009-2010, after a dismal previous year. Extremely prudent economic & fiscal measures coupled with sensitive regulatory initiatives were taken by the Central & State authorities. These helped India effectively resist the adverse global financial crisis & post a comfortable net growth in the face of crisis in major foreign economies. Your Company has expedited completion of the on-going Mail Project at Pimpri Pune & has launched a new project at Vile Parle (West), Mumbai. Pimpri Mail is planned for completion in 2010-2011, & the Vile Parle (West) Project during the first half of year 2011-2012. Your Company has also acquired a hotel company at Juhu, Mumbai, for developing a star graded hotel. This project will take a few years to start fetching returns. Since there was no new product for sale in the year 2009- 2010, Company's turnover & consequently profit was depressed. The results in the coming years, however, are poised to improve with the expected completion of the two projects on hand. I thank you all for your unstinted support during the difficult previous year & hope to receive our co-operation in future. Shri Padamshi L. Soni Chairman