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Hindustan Times
2 days ago
- Politics
- Hindustan Times
UP CM calls for integrated govt complexes in Mathura, Kanpur; reviews Vision 2030 plans
Lucknow, Uttar Pradesh Chief Minister Yogi Adityanath on Thursday emphasised the need to establish integrated government office complexes in Mathura and Kanpur to bring all district and divisional-level offices under one roof, according to an official statement. Reviewing the 'Vision 2030' plans for Mathura-Vrindavan and Kanpur metropolitan areas, the chief minister instructed officials to ensure that these integrated complexes are equipped with proper facilities including chambers for advocates, adequate parking, food courts, and other civic amenities. "Such integrated offices will not only streamline administrative work but also eliminate the inconvenience caused to people by having to visit multiple offices," he said. Focusing on long-term infrastructure, heritage preservation, and traffic decongestion in the temple town of Mathura-Vrindavan, Adityanath was informed that 195 projects worth around ₹30,080 crore have been proposed for Mathura. Of these, work has begun on 23 projects, while 172 are under various stages of planning, the statement said. Adityanath emphasised the need to maintain the sanctity of religious sites and directed that facilities for clean drinking water, toilets and resting spaces be developed on pilgrimage routes. He underlined the importance of Vrindavan's Swami Haridas cultural auditorium, a proposed digital museum, a convention centre, and an environmental corridor as key long-term investments. He further instructed that a statue of Swami Haridas be installed at the auditorium and called for the development of a Krishna Lok Park at Jawahar Bagh under a PPP model. Adityanath directed that plantation and conservation of trees mentioned in Krishna-era texts be prioritised. He reiterated the importance of collective efforts to restore the flow and purity of the Yamuna River. Reviewing the development roadmap for Kanpur, the officers informed that the 'Vision 2030' blueprint for Kanpur comprises 61 projects valued at over ₹37,000 crore, the statement read. The plan aims at decongesting the city's core, strengthening public transport, expanding industrial infrastructure, and developing modern townships, healthcare and educational institutions. Among the major proposals are the New Kanpur City, Knowledge City, MedCity, Atal Nagar , EV Park, AeroCity, and a mega MSME cluster. Officials informed the Chief Minister that New Kanpur City, being developed over 153 hectares at a cost of ₹1,169 crore, will feature 2,000 residential plots and multiple commercial zones to accommodate a population of 35,000. On the transport front, Adityanath stressed the need to tackle urban encroachments, which he identified as a major cause of traffic congestion. He called for proper rehabilitation of street vendors and reviewed 29 infrastructure projects including master plan roads, an outer ring road, the Trans-Ganga bridge, an RRTS corridor, metro expansion, an integrated bus terminal, junction improvement works, and electric bus deployment. An Intelligent Traffic Management System with smart signalling and CCTV networks at 102 key intersections is also on the anvil. Adityanath suggested shifting the central bus stand to the outskirts of Kanpur city and developing multiple intra-city bus stands as needed. He further encouraged the development of all urban parks as theme-based parks in partnership with NGOs and civil society groups. Stating that the holistic development of Mathura and Kanpur will contribute significantly to the national goal of "Viksit Bharat 2047." He said the religious importance of Mathura and the industrial strength of Kanpur must be integrated to showcase both as model cities.
Yahoo
02-06-2025
- Business
- Yahoo
Prestige Estates Projects Ltd (BOM:533274) Q4 2025 Earnings Call Highlights: Strong Sales ...
Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Prestige Estates Projects Ltd (BOM:533274) recorded a 48% year-on-year growth in new sales for Q4, driven by a robust launch pipeline and strong customer response. The company achieved a significant milestone with sales in Mumbai overtaking Bangalore, highlighting the success of its geographic diversification strategy. Realization for residential apartments, villas, and commercial products rose 36% year-on-year, demonstrating strong pricing power. Collections remained steady at 12,084 crores for the year, with a sharp increase in launch momentum in Q4. The company is entering FY26 with renewed momentum, backed by a robust pipeline of projects with a GDP potential of approximately 42,000 crores across multiple geographies. Total sales for the year were 19% lower than the previous year, largely due to deferred launches. The company faced challenges with approvals, which impacted the timing of project launches. There is a pending 24% stake held by promoters in one of the entities, which the company does not plan to acquire in the near future due to cash flow considerations. The construction spend fell on a quarter-on-quarter basis, raising questions about future project timelines. The company has moderated its GDV pipeline to 42,000 crores, indicating potential limitations in new business development. Warning! GuruFocus has detected 5 Warning Signs with BOM:533274. Q: What is the guidance for Prestige Estates Projects Ltd for FY26? A: The company has set a target of achieving 27,000 crores in sales for FY26, with expectations of reaching 12,000 to 13,000 crores in the first quarter alone. (Respondent: Unidentified_3) Q: How does Prestige Estates plan to grow its business development pipeline, given the current GDV of 42,000 crores? A: Prestige Estates has moderated its GDV pipeline to 42,000 crores, with additional projects that could be launched if pushed hard. The company spent 5,680 crores on land and TDR, with 1,500 crores on stake acquisitions, contributing to a GDV addition of 20,000 crores. (Respondent: Unidentified_4 and Unidentified_6) Q: What is the status of the company's projects in NCR, and how does it view this market? A: The NCR market has shown significant potential, with Prestige Estates clocking 65,000 crores in sales. The company is evaluating new deals and expects to secure more land in NCR to maintain its pipeline. (Respondent: Unidentified_3) Q: Can you provide an update on the Aero City and Jija Mata Nagar projects in Mumbai? A: Aero City is on track, with the office component already leased. The hotel is expected to be ready by early next year. The Jija Mata Nagar project is progressing, with transit camps being constructed and 10% of the site left to clear. (Respondent: Unidentified_3 and Unidentified_4) Q: How does Prestige Estates view the pricing environment and competitive intensity in the market? A: The pricing environment is favorable, with strong absorption rates across various cities. The company maintains a balanced approach to acquisitions, aiming for an EBITDA margin of 30-35% while being conservative in pricing new acquisitions. (Respondent: Unidentified_4) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
