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Hazoor Multi Projects Limited
Sector:Real Estate Real Estate - Real Estate
Market Lot: 1Face Value: 4ISIN Demat: INE550F01023
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Business Profile
Hazoor Multi Projects (HAZOOR) is engaged mainly in the segments of real estate and infrastructure development. Incorporated in 2002 as Hazoor Media & Power, it got its present name on Jan. 17, 2007.

The company gets income and growth in volume from infrastructure activities relating to media and power. Its ongoing projects include Hazoor Hill Grand near Ambey Valley, Lonavala, and have deployed an amount of Rs. 261.1 million towards project development. An upcoming project is Hazoor City, a joint venture residential project with Bansal Builders admeasuring approximately 100,000 sq. ft. in the heart of Pune City. The aforesaid joint venture is named as Hazoor City Developers.

Hazoor Township Developers and Hazoor Aambey Valley Developers are wholly owned subsidiaries of the company. In FY07, it formed a special purpose vehicle (SPV), Hazoor Media & Power, and diverted all its media activities to this SPV, which has acquired exclusive rights to produce and telecast religious discourses of spiritual gurus. It has exclusive rights to telecast the discourses of Guru Rajendraji, an internationally acclaimed spiritual guru.

The registered office is located at 215, 2nd Floor, Raheja Plaza, Fun Republic, Link Road, Andheri (W), Mumbai-400053.

The company reported fall of 0.00% in standalone net profit on y-o-y basis to Rs 100.00 million, while total income dropped 0.00% y-o-y basis to Rs 100.00 million for the quarter ended March 2014.

Recent Developments
Hazoor Multi Projects today announced that its subsidiary Hazoor Township Developers (HID) is developing a residential project through the special purpose vehicle `Zero Developers, have formed a joint venture (JV) named `Hazoor Homes` for carrying out the Housing Project in the mid of City, near Sinhagad Road, Pune.

Hazoor Multi Projects today announced that it has divested its holding in Hazoor Township Developers (P) by 45.83% to Pane Software.

Future Plans
The Company is looking at several properties in Pune, Lonavala and Mumbai for medium and premium segment projects.

In Brief

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