Saturday, May 05, 2012

Prajay Engineers Syndicate Ltd: On a massive growth path
CMP: Rs.6.56
 Prajay Water Front City by Prajay Engineers Syndicate Ltd.
Many of you have taken position in Prajay Engineers Syndicate Ltd, around Rs.2.70, when I recommended the scrip a couple of months back and which gave more than 3 times returns in as many months. I have been recommending the scrip, since a long time, though lot of negative rumours were/are being pread by vested interests. However, I still find great potential in the company and think that it would cross Rs.100 in the coming days, as the RBI goes on cutting the repo rate and Real Estate Bill gets passed in the Parliament. Apart from the real estate business, Prajay Engineers Syndicate Ltd is also into Hospitality business. The increase of disposable income in the hands of an upwardly mobile Indian middle class coupled with the changing lifestyle of the population, has created demand for quality hotels across India. In addition, India is also emerging as a major destination for global tourism and business travel which in turn is increasing the demand for hotels. According to the World Travel and Tourism Council (WTTC) India's travel and tourism Industry was expected to grow at 8% per annum. WTTC also recognized India as one of the emerging tourism markets having the potential to earn US$ 24 bn in annual foreign exchange through tourism by 2015. Hyderabad, being a cynosure amongst other capitals in the country, has pioneered in overall business growth and in the growth of the entire state with the support of the Government policies. IT Industry has shown phenomenal growth over last decade and is expected to grow further. IT Corridor is spreading from west to north and south to east in the city and soon entire corridor from Uppal to Madhapur, Gachibowli to APPA Junction shall be dominated by IT sector's presence, creating ample opportunities in housing, office space, commercial real estate sectors.
Here is some of the Key Highlights of the company: 
(i)  Prajay Engineers Syndicate Ltd's Visakhapatnam resort project is near completion;
(ii)
Prajay Engineers Syndicate Ltd's Saroornagar Shopping Mall is scheduled to be operational by May 2012. The company started work on a 260-room hotel-cum-mall at L B Nagar that will also have 2 lakh sq ft of retail space in joint venture with global hotel chain, Best Western International. The company in 2009 announced that it will be investing Rs.600 crore in developing two hotels and a 23-tower mega residential project in the city. The Hyderabad-based syndicate is constructing a three-star business hotel in Abids with 130 rooms and high-end business plaza in addition a mega residential project of 23 towers in Hi-Tech City, Madhapur.
(iii) Prajay Engineers Syndicate Ltd is to start construction of Hyderabad IT Park project by September 2012;
(iv)  Prajay Engineers Syndicate Ltd is to commence work on Nalagandala Ridgewood Residential Project by March 2013;
(v) Prajay Engineers Syndicate Ltd's Madhapur Megapolis Residential Project to be ready by December 2014;
(vi) Prajay Engineers Syndicate Ltd (PESL) has land in Vizag and Hyderabad and has completed a 3-star hotel in Hyderabad. However, PESL's Shamirpet hotel expansion project is still in stall stage.
(viii) Prajay Engineers Syndicate Ltd's Hyderabad Virgin City Residential Project still in announcement stage.
(ix) Prajay Engineers Syndicate Ltd's Hyderabad Sai Vaibhav Residential Project still in initial stage.
(x) Prajay Engineers Syndicate Ltd is yet to take off Hyderabad Bloomingdale Residential Project.
(xi) Prajay Engineers Syndicate Ltd's Antheypalli Casablanca Residential Project is yet to start.
(xii) Prajay Engineers Syndicate Ltd's Hitech City five-star business class hotel project is still on the discussion stage. 
(xiii) Prajay Engineers Syndicate Ltd'a Golf and Leisure Club Project is still on the discussion stage. 
(xiv) Prajay Engineers Syndicate Ltd's Shamirpet Water Front City Housing Project is scheduled to be ready by December 2012. In 2009, Dr J Geetha Reddy, State Minister for Industries, formally inaugurated the Water Front City in the Genome Valley at Shamirpet. It comprises independent houses, studio apartments, conventional apartments and high-end villas. Prajay Waterfront City is a gated community of 585 affordable luxury villas built on 72 acres of land in phase-I. The layout celebrates freedom with 75% open spaces & lake side. In Phase II of Water Front City, another 1,500 flats and 500 independent houses will be built. The entire Water Front City (Phase I and II) is in the final lap.
(xv) Prajay Engineers Syndicate Ltd's Parawada Housing Project is scheduled to be ready by March 2013.
(xvi) Prajay Engineers Syndicate Ltd's Maheswaram Township Project is to take off soon. 
(xvii) Prajay Engineers Syndicate Ltd's Ghatkesar Windsor Park Residential Project is scheduled to take off this month. 
(xviii) Prajay Engineers Syndicate Ltd's Hyderabad Automobile Mall project is still in announcement stage.
(xix)  Prajay Virgin County (SPV Project) - Prajay Virgin County is one of the largest gated community on the
southern part of the city near International Air Port and FAB City. The project has got foreign investment
and now is all set to see large development exceeding 40 lacs sft comprising of apartments, individual houses, villas, School, hospital, shopping areas and other requirements of a gated community. World Class architects have already been engaged in the project to convert this dream into reality.
(xx) Located in Moosapet, Prajay Velocity Mall has 582,000 square feet of saleable space plus almost 322,000 square feet of multi-level car parking space. CLICK HERE.
(xxi) Located at about 4.5 kilometres from the international airport 102 acres of large format mixed development integrated township, with 7 million square feet of mid-market high rise condominiums (14 floors) residential development is coming in the first phase. Phase Two will entail 1.5 million square feet of retail, a business-class hotel of approximately 300 rooms and 2 million square feet of IT SEZ/ Office space. CLICK HERE.

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