Nettlinx subsidiaries
SUBSIDIARIES > Nettlinx Realty Pvt. Ltd.

NETTLINX REALTY PVT LTD

Nettlinx Realty Pvt Limited is a 100 % subsidiary of Nettlinx Limited.

With an objective of profitable diversification under the Nettlinx Holding Company, Nettlinx Realty Pvt. Ltd has chalked out ambitious plans as the real estate sector is booming across the principal cities in India and is poised to grow rapidly in the next few years .

In line with this commitment, The Organisation has invested substantial monies essentially in Hyderabad & Nagpur.

As a Company, It has the following major assets :

17.50 Acres of prime Land at Nagpur, Maharashtra State.

3630 Sq Yards plot at Gachibowli, Hyderabad, Telangana State

Having managed to hold and improve the land bank as above at Nagpur , The company is exploring the possibility of developing an exclusive IT complex on a major portion of the land to attract occupants / tenants from leading National & Global corporations specially from the growing BPO & Software segment . Nagpur is a potentially growing city and has attained the status of becoming a major multi modal cargo hub. The Company has initiated the process of considering possible tie up with leading Companies to jointly leverage the balance portion of land bank for possible conversion in to residential / commercial property development projects.

Additionally, at Hyderabad, Nettlinx Reality Private Limited has entered into an agreement with R V Infra, Hyderabad, to develop its 3,630 square yards plot situated at Gachibowli in Hyderabad, Telangana State. Nettlinx Realty is entitled to 27,972 square feet of land, which translates into a sales income of Rs 15.38 crore. The Developer will go for construction of premium residential apartments as this particular zone is attracting lots of investors from genuine Home buyers more so from the growing IT & Service sectors. This location is close to the IT companies, Financial districts, leading commercial establishments and proximity to airport.

Nettlinx Realty has initiated measures to monetise its land assets as resolved by The Board of Directors of the company at its meeting held on February 11, 2016. As a consequence of this first transaction, Nettlinx Realty will end up making a profit after tax (PAT) of Rs 3.27 crore, which translates into a earnings per share (EPS) of Rs 2.86 during the first quarter of the current financial year at the consolidated level. The balance payments of this development agreement will follow Company will continue its initiative to monetise its other land assets.

 
 
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