Latest news with #Signature
Mint
12 hours ago
- Business
- Mint
Backed by Bollywood stars and profit up 13x—should you bet on Lotus Developers's IPO?
Sri Lotus Developers and Realty Ltd, a Mumbai-based luxury real estate developer, is seeking to raise ₹792 crore through its initial public offering, which is scheduled to open on 30 July. But this isn't just another real estate IPO. Several factors make Lotus Developers's IPO stand out. What sets Lotus Developers apart from listed peers? Lotus Developers differentiates itself with its capital-light approach, avoiding the traditional land-acquisition model its peers follow. Instead, the company partners with housing societies and existing property owners through development agreements. This helps minimise upfront capital outlay, enabling the company to earn better returns. Also, Lotus focuses on greenfield projects and joint development projects. It finances its projects through pre-sales, in line with industry practices. The real differentiator is what it builds and for whom. What customer segment does Lotus Developers target? Lotus Developers targets high-net-worth individuals (HNIs) and ultra-HNIs—a fast-growing segment. It focuses on luxury homes priced above ₹3 crore and ultra-luxury offerings above ₹7 crore, catering to a demand category that has gained significant momentum. Property consultancy Anarock estimates that demand in the ₹2.5 crore-plus segment has grown fourfold, from 3% in 2021 to 12% in the first quarter of 2025-26. This trend is expected to continue as the number of HNIs in the country is projected to double from about 850,000 now to 1.65 million by 2027. What are Lotus Developers's key markets? The company's projects are concentrated in some of Mumbai's most premium markets. These include Andheri West, Juhu, Bandra West, and Prabhadevi, where it holds 13% market share in terms of supply and a 12% sales share in units priced above ₹7 crore. Lotus Developers also plans to expand to Mumbai's Nepean Sea Road and Ghatkopar areas. Does Lotus Developers enjoy pricing power? The company commands a premium of around 22% when compared with the average quoted price for similar real estate projects in Juhu. Strong brand recall, high build quality, timely project execution, and customer satisfaction contribute to the premium pricing. Lotus's projects also enjoy strong pre-launch demand—more than 50% of the saleable area is typically sold even before occupancy certificates are issued. This reflects both brand confidence and pricing power. The company also boasts a strong execution track record, completing projects 20 months ahead of schedule, on average. For a sector often plagued by delays, this early-delivery record stands out. Another differentiator is Lotus Developers's product customization. Each project is tailored to specific buyer preferences rather than identical units. For instance, its commercial project, Signature, includes private theatres and banquet lounges. Residential projects Ananya and Ayana include rooftop amenities. This contributes to a strong price appreciation from the time of starting a project to its completion. The Signature project's price appreciated by 232%, while prices at Ananya and Ayana increased by 24% and 84%, respectively. How strong is Lotus's project pipeline? As of June, Lotus had completed four projects comprising 334 units, with a developable area of about 931,448 square feet and saleable area of about 378,396 Redevelopment contributed 54%, while greenfield projects made up the remaining 46%. Of the 334 completed units, 255 were commercial and 79 were residential. Lotus has not completed any Joint development project yet. Of the 334 completed units, 255 were commercial and 79 were residential. Lotus has not completed any Joint development project yet. A sizable portion of Lotus's saleable area and units remains unsold, offering near-term visibility for revenue recognition. Additionally, Lotus has a strong pipeline of ongoing and upcoming projects. The company is now focusing more on residential projects to diversify its revenue mix. Lotus has five ongoing residential projects comprising 167 units and about 295,586 of saleable area. Of this, 115 units are scheduled for completion in FY27, and the rest in FY28. This phased timeline provides steady visibility for revenue recognition over the medium term. Lotus Developers also has upcoming projects totaling 4.9 million in developable area—over 6x its current developable area—slated for phased completion during FY28-30. If demand in the luxury and ultra-luxury segment holds up, this pipeline could be a strong revenue driver over the medium term. How is Lotus Developers's revenue split across segments? Lotus currently generates revenue from five active projects. While redevelopment accounts for the majority of its developable area, greenfield projects drive most of its topline. The company's flagship greenfield commercial project, Signature, which received a completion certificate in 2023, accounted for 62% of its revenue in FY25, up from 32% in FY23. The commercial segment contributed 81% of Lotus's FY25 revenue of ₹550 crore. Luxury housing made up 6% of FY25 revenue, while ultra-luxury residences contributed 7%—lower than 51% and 18%, respectively, in FY23. This sharp skew toward commercial revenue has made Lotus's current revenue concentrated. However, this is expected to diversify in the coming years as more residential projects move toward completion. How has Lotus performed financially? Lotus's revenue has grown more than threefold in two years, from ₹167 crore in FY23 to ₹550 crore in FY25. Net profit rose faster, jumping 13x to ₹227 crore from ₹17 crore. The sharp revenue increase has driven a strong operating leverage benefit, with its ebitda margin expanding from 13% in FY23 to 53% in FY25. This is significantly higher than Arkade Developers Ltd's 30% ebitda margin and Suraj Estate Developers Ltd's 37%. Lotus's improving margin profile and profitability have translated into strong return ratios. Return on equity (RoE) stands at 24% and return on capital employed (RoCE) at 27%—higher than Arkade's RoE and RoCE of 18% and 20%, respectively, and Suraj's 11% and 15%. Moreover, as Lotus's sales ramped up, its cash and cash equivalents grew nearly fivefold, from ₹72 crore in FY23 to ₹348 crore in FY25, helping the company improve its balance sheet significantly. Lotus's debt-to-equity ratio is now down to 0.13, from a high of 6.9 in FY23. Lotus's trade receivables, however, have grown sixfold, from 6% in FY23 to 37% in FY25. Thus, any prolonged delay or inability to recover these receivables could reduce profits and impact cash flows. Higher geographical concentration in Mumbai also poses a risk. Can Lotus justify its premium and sustain growth? At a price-to-earnings multiple of 33x, Lotus is asking for a significant valuation premium over peers like Arkade (23x) and Suraj (15x). Even after factoring in a premium for its strong margins, superior return ratios, and industry-leading growth, Lotus's valuation appears stretched. The valuation may still be justified provided Lotus sustains its current growth momentum. That said, residential real estate demand is showing signs of a slowdown. Lotus's higher exposure to commercial projects, which remains more stable, offers some cushion. The company's ability to scale up its upcoming projects, which are quite large in size, will be crucial in sustaining growth. The bigger question is, can Lotus maintain its growth momentum from a larger base? Madhvendra has over seven years of experience in equity markets and writes detailed research articles on listed Indian companies, sectoral trends, and macroeconomic developments. The writer does not hold the stocks discussed in this article. The purpose of this article is only to share interesting charts, data points, and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educational purposes only.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
DELTEC HOMES LAUNCHES TRANQUILITY: A NEW ROUND, HURRICANE-READY HOME DESIGNED FOR RESILIENCE AND INSPIRED LIVING
— Spacious, light-filled design meets unmatched durability in Deltec's newest 360° model – ASHEVILLE, N.C., July 24, 2025 /PRNewswire/ — As the 2025 hurricane season begins to intensify and forecasters predict an above-average year for major storms, Deltec Homes—the world leader in hurricane-resistant housing—is proud to introduce Tranquility, the newest model in its iconic 360° Signature Collection. At 1,327 square feet, Tranquility offers the durability Deltec is known for in a modern, stylish right-sized design that blends affordability with premium features. With options for three bedrooms and separate foyer entries, the model is ideal for homeowners seeking a balance of resilience, comfort, and beauty in a smaller footprint. Tranquility is engineered 'Hurricane Ready', designed to withstand wind speeds up to 130 mph, with upgrades available to resist winds of 160, 170, or even 190 mph. To mark the launch, Deltec is offering limited-time 50% discounts on its Hurricane/High-Wind upgrade packages, with details available at 'At the heart of Tranquility is thoughtful design,' said Meg Gore, CEO of Deltec Homes. 'We set out to create a smaller home that delivers world-class resilience and a truly elevated living experience. From vaulted ceilings and expansive great rooms to panoramic windows that capture sunrises and sunsets, every detail of Tranquility is designed to connect people more deeply with the outdoors.' Built on Deltec's proven round home platform, Tranquility features: Spacious open-concept layouts Abundant natural light through expansive panoramic windows Engineered radial truss systems for structural strength Energy-efficient performance and Net Zero Ready design All homes in the 360° Signature Collection (seven models from 500 to 2,000 square feet and forty floor plans) are crafted using the same aerodynamic circular design, superior materials, and structural engineering that have helped Deltec stand alone – our round homes built over the last 30 years have a 99.9% survival rate, enduring direct hits from some of the most powerful hurricanes on record, from Andrew, Katrina and Wilma, to Michael, Dorian, and Ian. Built for the Future: Energy-Efficient and Eco-FriendlyDeltec round homes are up to 20% more energy-efficient than traditional square homes due to reduced exterior surface area and improved airtightness. Every model in the 360° Signature Collection is designed to meet Net Zero Ready standards in most U.S. climate zones. With enhanced insulation, solar-ready options, and high-efficiency HVAC systems, homeowners can enjoy lower utility bills and a dramatically reduced carbon footprint. 'As climate change brings more extreme weather events, building a resilient and sustainable home is no longer just a personal choice—it's a smart long-term investment,' Gore added. To learn more about the Tranquility model and the 360° Signature Collection, visit Contact: Karen Parziale, KParziale@ 201-927-8536
Business Wire
09-07-2025
- Business
- Business Wire
Blueair and The Class Announce Studio Partnership to Bring Fresh, Clean Air to Every Breath
NEW YORK--(BUSINESS WIRE)-- Blueair, the global leader in air wellness, is proud to announce a partnership with The Class, the transformative movement and mindfulness practice. As the official air wellness partner for The Class's flagship studio, Blueair will provide clean, fresh air to every class. The Class and Blueair share a core belief: breath is at the center of well-being. Known for its emotionally cathartic and physically engaging Classes, The Class guides participants to release and restore through movement, sound, and breath. Now, every inhale inside the studio will be powered by Blueair's industry-leading purifiers—including the newly launched Blue Signature™, designed to quietly remove pollutants, odors, and allergens with unmatched efficiency. The Class and Blueair share a core belief: breath is at the center of well-being. With studies showing that 87% of consumers recognize the health benefits of clean air—and with research linking air quality to better sleep, clearer skin, stronger immunity, and sharper focus—the partnership aims to turn every inhale in the studio into a moment of nourishment. Powered by the new Blue Signature™, Blueair purifiers clean up to 3,390 square feet in just one hour, circulating healthier air throughout the room—so each student can move, sweat, and breathe deeper in an environment optimized for both performance and presence. 'We believe health starts with air,' said Andy Lu, CEO of Blueair. 'This partnership with The Class is more than a moment—it's a shared mission to elevate well-being through breath, movement, and environment. We're thrilled to help support that experience from the ground up.' This summer, Blueair's high-performance air purifiers will be seamlessly integrated throughout The Class's NYC studio, creating a cleaner, fresher environment that supports deeper breathing, sharper focus, and improved recovery. Guests will also have the opportunity to explore Blueair's complete product line, scan to learn more, and even take home exclusive offers to bring the experience into their own space. "It's subtle, but powerful. You don't see it working; you just feel better being in the space. That's what the Signature brings to our studio," says Soeuraya Wilson, Teacher at The Class. Together, Blueair and The Class are redefining the studio experience—making fresh, clean air an essential part of every wellness ritual. About Blueair: Blueair is a global air wellness brand dedicated to enhancing health and well-being by creating cleaner, fresher, and healthier indoor environments. Founded in Sweden in 1996, Blueair has been at the forefront of air wellness innovation, developing advanced solutions that go beyond purification to improve overall indoor air quality. From reducing airborne pollutants and allergens to optimizing humidity and promoting better breathing, Blueair's award-winning innovations are designed to support a holistic approach to well-being. With a commitment to innovation, sustainability, and thoughtful design, Blueair makes air wellness accessible to all. Learn more at and follow Blueair on Instagram and TikTok. About The Class The Class is a music-driven somatic exercise method founded in 2011 by Taryn Toomey to regulate the nervous system and release stuck energy by moving the physical body. Challenging the physical state while nurturing the emotional with an emphasis on the mind-body connection—The Class is both an individual experience and a collective practice. Designed for all levels and types, available both online and in-person, The Class can be whatever you want, whenever you need, wherever you are. From playful and joyful to challenging and cathartic, every practice is your own.
Time of India
29-06-2025
- Time of India
Maha price hike: Liquor smuggling from MP on a high
Nagpur: The recent hike in liquor prices in Maharashtra has triggered a considerable rise in liquor smuggling from neighbouring Madhya Pradesh, where alcohol is significantly cheaper. Sources said Maharashtra-based smugglers have become active in the backdrop of the price hike. The Nagpur crime branch has intensified its crackdown on interstate liquor smuggling, intercepting a consignment smuggled in from other states. In a significant operation on June 28, the crime branch's Unit No. 2, under senior inspector Mahesh Sagade, Assistant PI Gajanan Chambhare, Mahendra Sadmake, and others under DCP Crime Rahul Maknikar, intercepted branded liquor based on a tip-off about a smuggling operation. The consignment was supposed to be delivered at Jaripatka and some locations in north Nagpur. The action took place near LIC Chowk, under the jurisdiction of Sadar police station. At approximately 9.30pm, the crime branch apprehended Sahil Turkar after his car was intercepted. Another suspect, identified only as Pandit from Gopalganj, Shivni, Madhya Pradesh, remains at large. Sources said Pandit supplied the liquor to Turkar for taking it to Jaripatka. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 새로 나온 '암보험' 최적가 비교추천! "개인별 맞춤설계+할인혜택"… 굿리치 보험대리점 (등록번호:제2006038313호) 가격 받기 Undo During the raid, the police seized a substantial haul of illicit liquor, including eight 750ml bottles of Black Dog, ten 750ml bottles of Signature, and twenty-two 750ml bottles of Blender's Pride. Additionally, a silver Skoda four-wheeler, a black Redmi mobile phone, a blue Tecno Spark mobile phone, and a black Nokia keypad phone were confiscated. The total value of the seized items is estimated at Rs6,91,694. Turkar failed to produce any valid permit for the liquor, leading to his arrest and the seizure of the contraband, vehicle, and phones in the presence of witnesses. The seized items and the accused were handed over to Sadar police station for further investigation under sections 65(a), 65(e), and 83 of the Maharashtra Prohibition Act. The police are now pursuing the absconding suspect, Pandit, and intensifying efforts to dismantle the smuggling network. According to police sources, the high demand for affordable liquor in Nagpur has emboldened notorious smugglers like Chelani and others, who are actively exploiting the price disparity to fuel the illegal trade.
Time of India
17-06-2025
- Entertainment
- Time of India
Akhil Akkineni and Zainab Ravdjee's wedding menu features Ghee Pongal, Gulab Jamuns; Sobhita Dhulipala's candid mealtime moment goes viral
Actor Akhil Akkineni exchanged vows with Zainab Ravdjee in a close-knit traditional wedding ceremony attended by family and close friends on June 6, and pictures of the grand set-up won hearts on social media. The internet has been buzzing with visuals from the wedding and the glamorous reception that followed. Among the standout features of the celebrations was the grand South Indian feast organised for the guests. The catering service team took to their Instagram page to offer a peek into the special menu. Akhil Akkineni and Zainab Ravdjee's grand reception Samantha Ruth Prabhu gives an 'insight into rural Bhutanese life' The lavish meal featured items like ghee kaaram dosa, ghee pongal, ghee idli, vadas, and upma. The dessert counter stole the spotlight with delicious servings of gulab jamuns, while the beverage section featured aromatic filter coffee and refreshing shakes in flavours such as watermelon, mosambi, and mango. Naga Chaitanya and Sobhita Dhulipala were seen enjoying the meal with much enthusiasm. Sobhita was seen eating with full-hearted joy, while Naga looked on as she relished the South Indian dishes. About Akhil Akkineni and Zainab Ravdjee's wedding Akhil and Zainab had been in a relationship for a couple of years before getting engaged in November last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A New Launch That Redefines Luxury – Signature Global SPR Signature Global Book Now Undo Akhil's father, actor Nagarjuna Akkineni , shared the news with fans via social media: 'With immense joy, Amala and I are delighted to share that our dear son has married his beloved Zainab in a beautiful ceremony (3:35 am) at our home, where our hearts belong. We watched a dream come true surrounded by love, laughter, and those dearest to us. We seek your blessings as they begin this new journey together. 💫 With love and gratitude. @AkhilAkkineni8 #InfiniteLove ♾ #Blessings #NewBeginnings.' The actor also shared some adorable family pictures featuring Sobhita, Chay, Amala, and the newly-wedded couple.
