E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. News/Views

Eldeco Housing Reports 82% Revenue Growth

Eldeco Housing Reports 82% Revenue Growth

BY Realty+
Published - Wednesday, 10 Aug, 2022
Eldeco Housing Reports 82% Revenue Growth

Eldeco Housing and Industries Ltd. a leading Lucknow-based real estate player, announced its results for Q1FY23. Deliveries: ~1.1 lacs sq.ft handed over in Q1FY23 with 78 homes registered in favor of happy customers. Collections: During Q1FY23 the collections stood at ? 49.4 crores; grew by 115.7% Y-o-Y. Sales Booking: During the quarter the Company saw a booking of ? 22.4 crores

Commenting on the results, Pankaj Bajaj, Chairman & Managing Director said, “This was a solid quarter for us. After the strong sales in the previous quarters, in this quarter execution and collections have been stable. This is traditionally the slowest quarter of the year, but we are happy with our performance. The collections for the quarter witnessed a growth of 116% year on year and 35% sequentially. 

The key takeaway was that real estate demand especially that for quality housing, is quite strong and resilient. We passed on the rise in the input prices to our customers. Home loan rates also increased. But we find that the customer is not sensitive to such movements as long as they are within a brand. The other message the market is consistently giving us is that there is a substantial premium for assured supply of finished product from a trusted brand. We intend to build on these advantages going forward.

The flip side is that this strength in real estate demand has been transmitted to the land markets also, making it a little challenging to replenish our project pipeline. However, we are confident of adding at least 3 more projects within this financial year to our development portfolio.”

RELATED STORY VIEW MORE

Autodesk Appoints Kamolika Gupta Peres as VP - Autodesk India & SAARC
Hero Realty Partners with VDO.AI to Launch High-Impact Video Campaign
Lohia Worldspace Debuts Its First Real Estate Project In Moradabad

TOP STORY VIEW MORE

Ashish Rai Elevated as CEO, Decorative Paints at JSW Paints

Ashish will lead the entire decorative paints business with full P&L responsibility, marking a significant step up from his previous position as Chief Business Officer.

07 July, 2025

Dwarka Expressway: Shaping India’s New Luxury Hub

07 July, 2025

Luxury Homes Set to Surge, Developers Increase Project Launches

07 July, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website