News: DSK Developers poised for major growth
(TV18 23/03/2006) Mumbai - D.S. Kulkarni Developers Ltd. (DSKDL), one of India’s premier housing construction companies, is poised for major growth. The Company is currently developing and executing projects in prestigious locations in Mumbai and Pune with over 39 lac sq.ft. under construction. Projects worth Rs. 555 crore are under various stages of development and execution and targeted to be handed over by FY09.
DSKDL has a string of prestigious projects under implementation including DSK Vishwa, a mega township spread over 110 acres at Pune, designed by world-renowned architect Padmashree Balkrishna Doshi. This is one of the largest home project in Asia and has redefined quality standards in the industry by setting a fine example of how eco-friendly construction should be conceived and developed. This model eco-friendly township features rain water harvesting, water and sewage treatment plants, vermiculture composting and biogas energy production; and has facilities like school, hospital, amphitheatre multiplex, healthcare, shopping centre, post office, bank, temple, marriage hall, etc.
DSKDL has successfully completed many projects in Mumbai and Pune and have over 15000 satisfied customers nationally and globally. The Company has been ranked as the 2nd fastest growing construction company by NICMAR and Construction World in 2004. For effective marketing of its projects the Company has representatives in USA, UK, Dubai, Bahrain, Kuwait and Kenya.
DSKDL is might be the only construction company having an ISO 9001-2000,14001 & OHSAS-18001 certification and has received many accolades in the past for ‘best housing complex’, ‘best concrete structure’, ‘best concrete technology’, etc and membership of the World Economic Forum as the global growth company. It’s Chairman, Mr. D.S. Kulkarni has been bestowed with many national and international accolades.
DSKDL is well known for its ethical business practices and has set its sight on becoming one of the top five real estate developers in the country within the next five years. Its strong bonding with the customer and its history of always adhering to the ‘date of possession’ has earned it enormous goodwill and reputation resulting in huge customer demand for all its projects, e.g. When DSK Vishwa was launched, 1000 flats got sold in just 10 days. Till date 2200 apartments have already been handed over to the customers. The township has planned for over 10000 units ranging from 1/2/3 bhk apartments, row houses, bungalow plots, villas, shops and IT Park, which will be developed in a phased manner.
The other businesses that the DSK Group is associated with include dealership of Toyota, Software Training & Development, Education, Hospitality and Engineering.
Financial results for the quarter ended 31st December 2005:
Riding the boom in the real estate and construction business, D.S. Kulkarni Developers Ltd. has posted impressive results for the quarter ended 31st December, 2005.
Total Income plus increase in stock-in-trade for the quarter aggregated Rs.2086.80 lacs (Rs.1894.18 lacs) while Net Profit for the quarter rose sharply by 784% to Rs.460.65 lacs (Rs.52.09 lacs). For the nine months period ended 31st December, 2005, Total Income plus stock-in-trade stood at Rs.6646.65 lacs (Rs.3632.91 lacs) and Net Profit rose sharply to Rs.1189.87 lacs (Rs.127.98 lacs).
The Total Land and development rights acquired during the nine months period ended 31st December, 2005 also showed a sharp increase of 183% and stood at Rs.2901.51 lacs (Rs.1021.95 lacs).
DSKDL has a string of prestigious projects under implementation including DSK Vishwa, a mega township spread over 110 acres at Pune, designed by world-renowned architect Padmashree Balkrishna Doshi. This is one of the largest home project in Asia and has redefined quality standards in the industry by setting a fine example of how eco-friendly construction should be conceived and developed. This model eco-friendly township features rain water harvesting, water and sewage treatment plants, vermiculture composting and biogas energy production; and has facilities like school, hospital, amphitheatre multiplex, healthcare, shopping centre, post office, bank, temple, marriage hall, etc.
DSKDL has successfully completed many projects in Mumbai and Pune and have over 15000 satisfied customers nationally and globally. The Company has been ranked as the 2nd fastest growing construction company by NICMAR and Construction World in 2004. For effective marketing of its projects the Company has representatives in USA, UK, Dubai, Bahrain, Kuwait and Kenya.
DSKDL is might be the only construction company having an ISO 9001-2000,14001 & OHSAS-18001 certification and has received many accolades in the past for ‘best housing complex’, ‘best concrete structure’, ‘best concrete technology’, etc and membership of the World Economic Forum as the global growth company. It’s Chairman, Mr. D.S. Kulkarni has been bestowed with many national and international accolades.
DSKDL is well known for its ethical business practices and has set its sight on becoming one of the top five real estate developers in the country within the next five years. Its strong bonding with the customer and its history of always adhering to the ‘date of possession’ has earned it enormous goodwill and reputation resulting in huge customer demand for all its projects, e.g. When DSK Vishwa was launched, 1000 flats got sold in just 10 days. Till date 2200 apartments have already been handed over to the customers. The township has planned for over 10000 units ranging from 1/2/3 bhk apartments, row houses, bungalow plots, villas, shops and IT Park, which will be developed in a phased manner.
The other businesses that the DSK Group is associated with include dealership of Toyota, Software Training & Development, Education, Hospitality and Engineering.
Financial results for the quarter ended 31st December 2005:
Riding the boom in the real estate and construction business, D.S. Kulkarni Developers Ltd. has posted impressive results for the quarter ended 31st December, 2005.
Total Income plus increase in stock-in-trade for the quarter aggregated Rs.2086.80 lacs (Rs.1894.18 lacs) while Net Profit for the quarter rose sharply by 784% to Rs.460.65 lacs (Rs.52.09 lacs). For the nine months period ended 31st December, 2005, Total Income plus stock-in-trade stood at Rs.6646.65 lacs (Rs.3632.91 lacs) and Net Profit rose sharply to Rs.1189.87 lacs (Rs.127.98 lacs).
The Total Land and development rights acquired during the nine months period ended 31st December, 2005 also showed a sharp increase of 183% and stood at Rs.2901.51 lacs (Rs.1021.95 lacs).
posted by InCar Group Press Room at 21:55
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