7th Anniversary Celebration- Asset Homes to invest Rs. 450 Crores in 7 new projects
‘’Celebrating Relationships’’ is the tagline of the Kochi based Asset Homes. In line with that they will launch 7 new projects in seven cities across Kerala to mark the 7th anniversary of the company. With the swearing in of the new government, the real estate sector is expecting to see an upward trend and the company is looking at developing 10 lakh square feet in 700 units and investing about Rs 450 crore.
V. Sunil Kumar, the Managing Director of the firm mentioned that timely delivery is Asset’s USP and these 700 units will be delivered in the set timeframe. The track record of on-time delivery is very good for the company as they had launched 50 projects in the last 6 years, out of which 33 were delivered on time.
The company’s balance sheet was always green and compared to the last fiscal they had doubled their revenues and the sales turnover was Rs 250 crore in 2013-14. The company’s forecast is that with the upturn of the economy they are hopeful that the sales figure will touch Rs 400 crore in the current fiscal.
The company is opening its expanded office facility in Dubai to cater to the needs of the increasing number of NRI customers. The present customer base of Asset Homes is 2,500 customers and they are spread across 25 countries.
Source- The Hindu Business Line
Asset Homes, Asset Homes to invest 450 Crores, Investment, Kochi based developers, Real estate investments
