1 bhk terrace flat - Rs. 12.60 lakhs
2 bhk terrace flat - Rs. 16.65 lakhs
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Just Perfect Homes Now in Pune!
The launch ad of Akruti Countrywoods, on Katraj Kondhwa link road, claims that their range of "Just Perfect Homes" got tremendous response in Mumabi.
But why Akruti City Limited (BOM:532799), promoters of Akruti Countrywoods, assumes that it will get the same response in Pune real estate market?
Look what has happened to Runwal Group, other successful builder from Mumbai. Did their Euphoria at Kondhwa Budruk got the same response as their Thane project?
Taking a challenge of successfully launching a project in Pune real estate market is good.
But not when the promoters of the listed real estate company are forced to pledge more and more shares.
Not when the listed real estate company is excluded from the futures and options (F&O) segment.
Not when, CRISIL, India's leading ratings, research, risk and policy advisory company, says:
"Akruti’s aggressive development strategy is reflected in the fact that ongoing and planned projects are six times the size of its completed projects.
The company has been facing extended delays in ongoing projects.
The company’s liquidity has been adversely impacted by the overall slowdown in the sector, coupled with its aggressive development strategy and increased focus on commercial projects."
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