Scripscan:Arihant Foundations & Housing Ltd
cmp:48
Code:531381
Story:AFHL was established in 1995. The company is into construction of villas, apartments, IT Parks, hotels,shopping malls, multiplex, developed plots and commercial buildings etc. AFHL develops customized IT parks since late nineties and caters to the plug & play building needs of the booming IT and ITES industries like Verizon, Syntel, Hutch, HCL Technologies, Sterling Infotech, Ajuba Solutions, Arihant E-Park and Arihant Technopolis. AFHL also has alliances with international players for architecture and landscaping– Architects Team 3, Taib Landscape Studio Pvt. Ltd, PDAA Landscape Designers, CPG Consultants Private Limited. Some of the ongoing projects in residential segment include Arihant Escapade and Arihant Heirloom etc while for commercial segment they are Thalambur (Chennai). The key clients of the company include Verizon, Dupont, Malaysian Airlines, NSE, HCL, Vodafone, ICICI, Sterling Groups etc. The company has collaboration with leading developers like Unitech Ltd and foreign investors such as JP Morgan and Samsara Cap.The company also has partnered with industry leaders for construction such as Larsen and Turbo, Consolidated Construction Consortium Limited and Simplex Projects Limited.Real estate segment which comprises of residential, commercial and retail real estate has largely been unorganized with a presence of several local/ regional players.However over the past few years many large developers have increased their presence into several cities across India. As the industry still remains largely unorganised, its risk profile is high; consequently, loans are being offered at very high interest rates. The residential real estate market was the first to reflect signs of recovery from the aftermath of the economic slowdown whereas slow signs of revival have been witnessed in the commercial and retail real estate.Future numbers holds the key for its stock price movement in the bourses.At present prices its a hold.
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