NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Britannia to retain the lands, plans to shift the HQ

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
India’s biggest biscuits and Bakery Company Britannia Industries at last have decided to unlock value at its rambling headquarters land in the city. Company HQ’s has been named as Britannia Gardens which is spread on 7 acres on the Old Airport Road leading towards Whitefield which is also the main technology centre in the east of Bangalore.
As per the realty developers claiming at the www.propertykhazana.com the lands near by Britannia is expected to cost Rs. 20 Crores per acre. Britannia is controlled by the Mumbai based Wadia Group and in the meantime, the company is not gazing to sell the lands, in return it will unlock value by whirling the property into a commercial and housing complex. If the land is unlocked then the land can be urbanized to gain to the extent of Rs. 800 Crores in value in the realty market. But still it has to decide on the plans and the realty player close to the management verifies the company’s conclusion to shift the company HO away from this land and starts functioning with a new address by the next year. Britannia was about to leave this land, but it had to take back its decision as markets went bearish in the year 2008.
According to the sources available to www.propertykhazana.com, Britannia Gardens in addition to the residential complex and the company head quarters will also accommodates for a few of higher executives at this abundant space. Company is forcefully gazing at cutting prices as increase and rigid rivalry from the National and Regional players who are taking a fee on working margins. Britannia was able to deliver good number of products in pervious year, but unfortunately after a drop down in net incomes in the couple of quarters it has been efficiently creaming away the prices. Meantime, as declared by the sources to the www.propertykhazana.com the debt of the company is more than Rs. 450 Crores with the gearing of 0.82 times and is spending in marketing to stay above the mess. During the last financial year it had reported of Rs. 4,200 Crores and placed a net income of Rs. 35 Crores on the revenues of Rs. 1,294 Crores at the end of Q2 of FY12.
Source: Times of India

Property Listings

Apartments, Flats and Property for Sale in Bangalore

Jun 09, 2017
BREN brings to you unparalleled comfort combined with a lifestyle that embraces modern trends while providing a quality experience. Total Plot..
Jun 09, 2017
Finding a new and never-before living experience has never been so easy. Sri Guru BR Elite presents an expansive array of living options at one of..
Jun 08, 2017
Bren Woods is located in Bangalore and comprises of thoughtfully built Residential Apartments. The project is located at a prime address in the..
Jun 06, 2017
Shriram Summitt, set on 15 acres, offers 1, 2 & 3 BHK units in various sizes. 1 BHK units range from 720 to 780 sq.ft, 2 BHK units from..
Jun 05, 2017
Greetings from the “SHIVA SKANDA RESIDENCY ”!!! Introducing '' SHIVA SKANDA RESIDENCY '' BBMP approved well planned 2&3..
Jun 05, 2017
Vaishnavi Builders, you experience the magic of spaces designed holistically. Each and every element exemplifies a profound understanding of your..
Jun 04, 2017
Greetings from the Grand Gandhrava Apartments Grand Gandharva Luxurues 2 & 3 Bedroom Builder floor Apartments. Located Next to Gopalan..
Jun 04, 2017
Greetings from the Grand Gandhrava Apartments Grand Gandharva Luxurues 2 & 3 Bedroom Builder floor Apartments. Located Next to..
Jun 04, 2017
Discover the Joy of Living in an Environment that’s Sustainable for Ever A Star is Born - Welcome to the Asset Northern Star! Presenting..
spacer

Apartments, Flats and Property for Rent in Bangalore

May 16, 2017
Spread over 6.9 acres of land and comprising of 3 Blocks, SOBHA CLASSIC is strategically located off Sarjapur Road, Bangalore and offers close..
May 15, 2017
Flat for rent in Haralur Road near Kudlu(AECS Layout). East facing 2BHK (1235sq.ft) flat for rent. It is situated on the main road(Haralur Road)..
Apr 23, 2017
As my office is far from Flat, planning to..
Apr 21, 2017
New Era Luxury Hostels for Girls , accommodation for every budget • Brand New building • Spacious and well ventilated..
Apr 19, 2017
2BHK apt for rent, ground floor, car parking, power backup, arkere BPL bus stop, next to Mitra Academy school, Bannerghatta main road, available..
Mar 31, 2017
LEASE OR RENT Near Manyath tech park brand new 2b/r multistory apartment with swimming pool, gym party hall, power backup, car..
Dec 23, 2016
MY 2 BHK SEMI FURNISHED FLAT AT AJMERA INFINITY ( 11 FLOOR, FRONT FACING,GOOD VIEW ) WILL BE AVAILABLE FOR RENT FROM 01 FEB 2017 ONWARDS. IF..
Dec 04, 2016
A safe secure society of defence officers, with clean air and environment. With facilities like, gym, pool, ATM, parking, etc near the..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
spacer
spacer
spacer
spacer
spacer