real estate model

Brigade Mahindra Lifespace Puravankara Projects Anant Raj Ackruti Housing Dev infra Unitech DLF NAV Consolidated List Short Name Unitech Ltd Indiabulls Real Housing Developm Ackruti City Ltd Anant Raj Indus Omaxe Ltd Parsvnath Devel Phoenix Mills Mvl Limited Horizon Infra Consolidated Fin Landmark Prop DLF Limited DLF Limited March 09A INR (mln) SOURCE OF FUNDS Shareholders' funds Capital Reserves and Surplus Minority interest Loan funds Secured loans Unsecured loans Deferred tax liabilities APPLICATION OF FUNDS Fixed assets Gross block Less : Depreciation Net block Capital work in progress Investments Goodwill on consolidation Current assets, loans and advances Stocks Sundry debtors Cash and bank balances Other current assets Loans and advances Less: Current liabilities and provisions Liabilities Provisions Net current assets Balance check Source : Company Presentation June 09A Deferred tax assets Balance sheet Done Mar 09A Unitech Limited Source : Company Annual Report Deferred liability against land Deferred tax liability Inventories Projects in progress Other CA Miscellaneous Expenditure No report Housing Development & Infrastructure Ltd Share application money Ackruti City Limited Source : Annual Report Anant Raj Industries Limited Deferred tax liability (Net) Puravankara Projects Limited Projects in progress / properties held for development Properties held for sale Properties under development Source : Q1 June 2009 report Mahindra Lifespace Mahindra Lifespace Developers Ltd Share Capital Preference capital of joint venture Brigade Enterprises Limited Employee's option outstanding IVR Prime Urban Developers Limited Mcap (million) 20 Aug 09 NAV calculation Projects in Progress - short term Inventories/Completed properties for sale Total Assets Difference Intangibles Goodwill Total Assets (excluding intangibles) Total Liabilities Book Net Asset Value (NAV) Shares outstanding Book NAV / share Price / NAV Deferred charges/misc expenditure Total Land & Properties investments HDIL Properties held for sales Target price on basis of comparative analysis (Overvaluation) / Undervaluation Median Amt in INR million Market Capitalization (million) Market leader - ranking by Mcap Cash Debt Net debt Mcap / EV Enterprise Value (EV) Business DLF Limited (DLF), formerly DLF Universal Limited, is a real estate development company in India. DLF’s business units include homes, offices, retail malls and commercial complexes, and hotels. DLF’s homes unit comprises super luxury homes, luxury group housing, rowhouses/villas, integrated townships and plotted colonies. DLF’s offices business develops commercial space across various formats, such as large information technology/information technology enabled-services facilities, multi-tenant corporate office buildings, built-to-suit properties and integrated commercial complexes. DLF operates the cinemas business in the brand name of DT Cinemas in various malls. DLF Hotels focuses to develop, acquire and actively manage properties across a range of hospitality and related formats, including luxury hotels and resorts, business hotels, service apartments, convention and exhibition centers and family recreational clubs. Unitech Limited is a real estate developer in India. The business operations of the Company comprise of construction, development of real estate consultancy and management fee. The construction activities include construction of highways, roads, powerhouses, transmission lines, refineries, hotels, hospitals and various types of other buildings/ structures, in India and abroad. Real estate development includes development of mini cities/ townships construction of residential and commercial complexes including shopping malls and various types of dwelling units. Consultancy and management fee include overseeing of project execution , marketing of real estate ventures for associate and joint ventures Housing Development and Infrastructure Limited is an India-based real estate development company, with operations in the Mumbai Metropolitan Region. The Company’s business focuses on real estate development, including construction and development of residential projects, commercial, retail and slum rehabilitation projects. The Company is engaged in developing a multi product special economic zone (SEZ) in Virar (part of Thane district) of 5,000 acres through its 100% subsidiary Privilege Power & Infrastructure Private Limited (PPIPL). It has incorporated a 100% subsidiary HDIL Entertainment Private Limited, to invest in the entertainment sector Ackruti City Limited, formerly Akruti City Limited, is a real estate development company. The Company operates either on its own or through its subsidiaries, joint ventures, associate companies, partnership firms in the Residential, Commercial, Special Economic Zones, Infotech Park, Biotech Park and Robotic Car Park segments of the real estate business. Its operations include identification and acquisition of land / development rights, obtaining necessary approvals, planning, execution and marketing of the projects. The Company has launched the Just Perfect Home series of residential apartments, which include Ackruti Gardenia, Ackruti Greenwoods and Ackruti Countrywoods. The Company is developing commercial and residential project at Saiwadi, Andheri (East) in joint venture with DLF Limited. Its subsidiaries include Adhivitiya Properties Limited, Arnav Gruh Limited, Brainpoint Infotech Limited, TDR Properties Limited and Vama Housing Limited, among others. Anant Raj Industries Limited (ARIL) is an India-based infrastructure and development company. The Company is primarily focused on the development of information technology parks, special economic zones (SEZs), hospitality, commercial and residential projects in the National Capital Region of India (NCR). The main focus of the Company during the fiscal year ended March 31, 2008 had been on construction of information technology (IT) parks and investments in projects relating to hospitality sector. The Company is in the process of constructing an IT Park at Manesar, Haryana Puravankara Projects Limited is engaged in the development and construction of residential and commercial properties. The Company’s operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates. The Company has completed many residential and commercial projects covering approximately 4.73 million square feet of saleable area Mahindra Lifespace Developers Limited (Mahindra Lifespace), formerly Mahindra Gesco Developers Limited, is a real estate development company in India. Mahindra Lifespace, along with its subsidiary companies, focuses on the development of residential projects and large format integrated infrastructure development, such as business cities, industrial parks and special economic zones (SEZs). During the fiscal year ended March 31, 2009, the Company initiated the handover of residential units to customers in three of its projects: Sylvan County at Mahindra World City, Chennai; Mahindra Royale near Pimpri, Pune, and Mahindra Eminente at Goregaon, Mumbai. The Company operates in three main segments: Projects, Project Management and Development activities, Operating of commercial complexes, and Business Centers Brigade Enterprises Limited (BEL) is an India-based company. The Company is engaged in the business of real estate development. BEL’s portfolio includes property development, property management services, hospitality and education. It has projects in Chennai, Chikmagalur, Hyderabad, Kochi, Mangalore and Mysore. The Company’s constructions include luxury apartments, integrated enclaves, software and retail facilities, serviced residences, resorts, clubs, schools, hotels, a convention centre, and hospital. It had completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area. The Company’s subsidiaries include Tandem Allied Services Private Limited, AEC Infotech Private Limited, Brigade Hospitality Services Limited, Brigade Estates and Projects Private Limited, Tetrarch Holdings Private Limited, Brigade Properties Private Limited, Brigade Infrastructure and Power Private Limited, and BCV Developers Pvt. Ltd Today's price Actual first price Two day gain Undervalued stocks Overvalued stocks Price as on 14th Sept 2009 0000.00 00.00 00000.00 0000.00 00.00 00000.00 0000.00 0000.00 00.00 00000.00 0000.00 00.00 00000.00 0000.00 00000.00 0000.00 00.00 00000.00 000.00 00.00 0000.00 0000.00 0000.00 00.00 00000.00 00.00 00.00 000.00 000.00 00.00 0000.00 0000.00 00000.00 00.00 000.00 000.00 0000.00 0.00 0.00 0000.00 00000.00 0.00 0.00 00000.00 0000.00 00.00 00000.00 000.00 00.00 0000.00 0000.00 0000.00 000.00 00.00 0000.00 00000.00 -0.00E-00 000.00 00.00 0000.00 0.00 00.00 00.00 0000.00 00.00 00000.00 0000.00 00.00 00.00 000.00 000.00 00.00 0000.00 0000.00 00.00 00000.00 00.00 00.00 000.00 0000.00 00.00 00.00 000.00 00000.00 0000.00 00.00 00000.00 000.00 00.00 0000.00 0000.00 000.00 00.00 0000.00 0.00 00.00 0.00 0000.00 00.00 00000.00 000.00 00.00 0000.00 0.00 00.00 0.00 0000.00 00000.00 000.00 0000.00 0000.00 00000.00 0.00 0.00 0000.00 00000.00 000.00 0000.00 00000.00 0000.00 00.00 00000.00 000.00 00.00 0000.00 0000.00 00000.00 0.00 0000000.00 0.00 00000.00 0.00 0000.00 0000000.00 0000000000.00 00000.00 0000000.00 00000000000.00 00000.00 0.00 0000000.00 0.00 0.00 0000000.00 0.00 0000.00 0000000.00 0000000000.00 00.00 0000000.00 00000000.00 0000.00 00.00 0000000.00 00000000.00 00000.00 000.00 0000000.00 000000000.00 000.00 0000000.00 000000000.00 000.00 0.00 0000000.00 0.00 0.00 0000000.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 00000.00 0000000.00 00000000000.00 000.00 000000000.00 0000.00 0000000000.00 000.00 000000000.00 0000.00 0000000000.00 000.00 000000000.00 0000.00 0000000000.00 00000.00 0000.00 0000000.00 0000000000.00 00.00 0000000.00 00000000.00 0000.00 0000.00 0.00 0000000.00 0.00 00000.00 0.00 000.00 0000000.00 000000000.00 00000.00 0000000.00 00000000000.00 00000.00 000.00 0000000.00 000000000.00 000.00 0000000.00 000000000.00 0000.00 0000000.00 0000000000.00 000.00 0000000.00 000000000.00 0000.00 00.00 0000000.00 00000000.00 00000.00 00000.00 0000000.00 00000000000.00 000.00 0000000.00 000000000.00 00000.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 000.00 000000000.00 0.00 0000.00 0000000000.00 0000.00 0000000000.00 0.00 0.00 0000.00 0000000000.00 00000.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 0.00 0000.00 00000.00 00.00 0000000.00 00000000.00 00000.00 0.00 000.00 0000000.00 000000000.00 0000.00 0000000.00 0000000000.00 00000.00 00.00 0000000.00 00000000.00 0000.00 0000000.00 0000000000.00 0000.00 0000000.00 0000000000.00 00000.00 0.00 0000000.00 0000000.00 00000.00 000.00 0000000.00 000000000.00 000.00 0000000.00 000000000.00 000.00 000.00 0000000.00 000000000.00 000.00 0000000.00 000000000.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 0000.00 0000000000.00 0.00 0000.00 0000000000.00 000.00 000000000.00 000.00 000000000.00 0000.00 0000000000.00 00000.00 0000.00 0000000.00 0000000000.00 000.00 0000000.00 000000000.00 0000.00 00000.00 00.00 0000000.00 00000000.00 00000.00 0.00 0000.00 0000000.00 0000000000.00 00000.00 0000000.00 00000000000.00 00000.00 0000.00 0000000.00 0000000000.00 00000.00 0000000.00 00000000000.00 000.00 0000000.00 000000000.00 00000.00 00.00 0000000.00 00000000.00 00000.00 000.00 0000000.00 000000000.00 00.00 0000000.00 00000000.00 000.00 000.00 0000000.00 000000000.00 0.00 0000.00 0000000.00 0000000000.00 0.00 0000000.00 00000.00 00000000000.00 0.00 0.00 0000.00 0000000000.00 000.00 000000000.00 00000.00 00000000000.00 0.00 0.00 00000.00 0000.00 0000000.00 0000000000.00 000.00 0000000.00 000000000.00 0000.00 00000.00 0.00 0000000.00 0.00 00000.00 0.00 0000.00 0000000.00 0000000000.00 00000.00 0000000.00 00000000000.00 00000.00 000.00 0000000.00 000000000.00 00000.00 0000000.00 00000000000.00 00000.00 0000000.00 00000000000.00 00000.00 00.00 0000000.00 00000000.00 00000.00 0000000.00 00000000000.00 000000.00 00000.00 0000000.00 00000000000.00 0000.00 0000000.00 0000000000.00 00000.00 00000.00 0000000.00 00000000000.00 0.00 00000.00 0000000.00 00000000000.00 00000.00 0000000.00 00000000000.00 000.00 000000000.00 000000.00 0.00E+00 0000.00 0000000000.00 0000.00 0000000000.00 00000.00 00000000000.00 000.00 000000000.00 000000.00 000000.00 0000000.00 0.00E+00 000.00 0000000.00 000000000.00 000000.00 000000.00 0.00 0000000.00 000000.00 000000.00 0.00 00000.00 0000.00 00.00 000000.00 00000.00 00.00 000000.00 0000.00 000.00 00.00 000000.00 00000.00 00.00 00000.00 0000.00 00.00 000000.00 0.00 000000.00 00000.00 0000.00 00000.00 00000.00 000.00 00000.00 00000.00 0000.00 00.00 000000.00 00000.00 00.00 00000.00 0000.00 00000.00 00000.00 000000.00 00000.00 00000.00 00000.00 000000.00 000000.00 0.00 June 09A Mar 09A June 09A March 09A March 09A June 09A Mar 09A Mar 09A DLF Limited Unitech Limited Ackruti City Limited Anant Raj Industries Limited Puravankara Projects Limited Mahindra Lifespace Developers Ltd Brigade Enterprises Limited 000000.00 0000.00 0000.00 000000.00 000.00 00000.00 0000.00 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0.00 000.00 00.00 000.00 000.00 000.00 000.00 000.00 000.00 -0.00 0.00 -0.00 0.00 -0.00 0.00 -0.00 0.00 0.00 000000.00 000000.00 00000.00 00000.00 00000.00 00000.00 00000.00 00000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0000.00 0000.00 000.00 000.00 0000.00 000.00 0000.00 000.00 000000.00 00000.00 00000.00 00000.00 0000.00 0000.00 0000.00 0000.00 000000.00 00000.00 00000.00 00000.00 -0000.00 0000.00 0000.00 0000.00 0000.00 000.00 0.00 0.00 000.00 0.00 000.00 0.00 000000.00 000000.00 000000.00 00000.00 00000.00 00000.00 00000.00 00000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Mahindra Lifespace Developers Ltd 000.00 000.00 0.00 0.00 Brigade Enterprises Limited 000.00 000.00 0.00 0.00 Anant Raj Industries Limited 000.00 000.00 0.00 0.00 DLF Limited 000.00 000.00 0.00 0.00 Unitech Limited 00.00 000.00 0.00 0.00 Ackruti City Limited 000.00 000.00 0.00 0.00 Value Hunt: Stock is considered as investment in land and properties. 0.00E+00 0.00E+00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 00000000000.00 0000000000.00 0000000000.00 0000000000.00 0000000000.00 0000000000.00 0000000000.00