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The Company is a Public Limited BSE Listed Company having 2753 shareholders and is engaged in Real Estate activities.
The company is promoted by first generation entrepreneurs in 1995. Since its inception till November 2020, it was engaged in the business of financial brokerage and was known as “M. B. Parikh Finstocks Ltd.”. After the change in the promoters in the year 2020, the company now is engaged into real estate activities.
The main objective of the company is as below:
1. To acquire, by purchase, lease, exchange or otherwise land, such other movable and immovable properties, in India or abroad or any rights connected with land and to construct, develop, build, reconstruct, alter, improve, decorate, furnish and maintain, township, housing & commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, infrastructure, markets, offices, flats, apartments etc. with all amenities, conveniences and facilities and to manage, hold, sell, lease and deal with the same in any manner whatsoever.
2. To layout, develop, construct, build, erect, demolish, re-erect, alter, repair, remodel, improve, grades, curve, pave, cement, maintain or do any other work in connection with any building or building scheme, structures, houses, apartments, places of worship, paths, streets, sideway, courts, alleys, pavements, roads, highway, docks, sewers, bridges, canal, wells, springs, dams, power plants, boors, wharves, ports, reservoirs, embankments, railways, irrigations, reclamations, improvements, sanitary, water, gas or any other structural work of any kind whatsoever and for such purpose, to prepare estimates, designs, plans, specification or models.
3. To carry on the business of Builders, General and Government Contractor and Engineers (mechanical, electrical, canal, civil, irrigation) and in all other branches of Engineering and to enter into joint venture, foreign collaboration as per permissible government guidelines. 4. To carry on the business as estate agents, housing and land agents, property dealers and estate managers and to collect rents, repair, look after and manage immovable properties of or for any persons, firms and companies, governments and states, as well as this company, to give, take, let and sublet and to carry out under taking, supervising, building, constructing, altering, improving, demolishing and repairing operations and all other works and operations in connection with immovable estates and properties
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