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CHD Developers shines on plan to invest Rs 150 crore to develop commercial project in Gurgaon

20 Jun 2013

CHD Developers is currently trading at Rs. 5.28, up by 0.10 points or 1.93% from its previous closing of Rs. 5.18 on the BSE.

The scrip opened at Rs. 5.70 and has touched a high and low of Rs. 5.90 and Rs. 5.08 respectively. So far 27,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 7.13 on 15-Nov-2012 and a 52 week low of Rs. 3.23 on 01-Apr-2013.

Last one week high and low of the scrip stood at Rs. 5.60 and Rs. 4.60 respectively. The current market cap of the company is Rs. 59.00 crore.

The promoters holding in the company stood at 65.57% while Institutions and Non-Institutions held 0.04% and 34.39% respectively.

CHD Developers will invest about Rs 150 crore to develop a commercial project in Gurgaon. The company has recently acquired about 2 acres land on Dwarka Expressway for Rs 25 crore to develop the commercial project ‘CHD Sky One’ comprising one lakh square feet area. The company will be investing Rs 150 crore for developing this trademark tower for which it has already got all the approvals. It has roped in Pei Cobb Freed and Partners Architects LLP, which designed the Bank of China, for this project.

The total commercial space available in the tower is 1 lakh square feet. The company will shift its corporate office in this commercial tower. It will dedicate 30,000 square feet to CHD Group offices while the remaining 70,000 square feet would be leased to others. Besides, the company plans to tie-up with a leading International University for learning centre in this project. The centre will offer short term courses, executive and distance learning programmes.

CHD Developers was established in 1990, to respond to the growing need for quality housing and commercial space in 21st century India, specifically in Delhi and the National Capital Region (NCR). It is currently developing projects at Gurgaon, Karnal, Vrindavan and Haridwar.

Related CHD Developers Ltd. Links:

CHD Developers Share Price

0.68 0.00 (0.00%) Aug 24, 18:01
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SEBI Registered: Investment Adviser - INA000013323

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