October 26, 2014 5:54 AM ET

Real Estate Management and Development

Company Overview of Lavasa Corporation Ltd.

Company Overview

Lavasa Corporation Limited is engaged in the development and management of a hill city development in India. The company develops, sells, and leases real estate assets comprising residential properties, such as villas, villa plots, apartments, rental housing, retiree housing, student and faculty facilities, and hostels; commercial properties, including retail and office; institutional properties; hospitality consisting of hotels, wedding, and banquet halls; and tourism and leisure, and social facilities, such as education, healthcare, and other facilities. The company was formerly known as The Lake City Corporation Limited and changed its name to Lavasa Corporation Limited in June 2004. Lava...

Hincon House

11th Floor

247Park

Lal Bahadur Shastri Marg, Vikhroli (West)

Mumbai,  400083

India

Founded in 2000

801 Employees

Phone:

91 22 4025 6000

Fax:

91 22 4025 6889

Key Executives for Lavasa Corporation Ltd.

Chief Executive Officer and President
Age: 55
Chief Financial Officer
Age: 59
Chief Town Planner
Age: 68
Senior Vice President of Marketing
Age: 45
Group Chief Operating Officer of HCC and Whole Time Director of HCC
Age: 42
Compensation as of Fiscal Year 2014.

Lavasa Corporation Ltd. Key Developments

Lavasa Corporation Ltd. Presents at Hotel Investment Forum India, Jan-14-2014 through Jan-15-2014

Lavasa Corporation Ltd. Presents at Hotel Investment Forum India, Jan-14-2014 through Jan-15-2014. Venue: The Leela Ambience Gurgaon Hotel and Residences, Delhi (N.C.R.), India. Presentation Date & Speakers: Jan-14-2014, Ajit Gulabchand, Chairman and Chairman of ESOP Compensation Committee. Jan-15-2014, Nathan Paul Andrews, Executive Vice President of Business Development.

Lavasa Corporation Ltd. Reports Unaudited Standalone Earnings Results for the Six Months Ended September 30, 2013

Lavasa Corporation Ltd. reported unaudited standalone earnings results for the six months ended September 30, 2013. For the six months, the company's net sales/income from operations was INR 762.07 million compared to INR 402.95 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 122.84 million compared to loss from operations before other income, finance costs and exceptional items of INR 331.52 million a year ago. Loss from ordinary activities before tax was INR 484.95 million compared to INR 951.3 million a year ago. Net loss was INR 330.23 million compared to INR 637.12 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.43 compared to INR 0.82 a year ago.

Lavasa Corporation Ltd., Board Meeting, Oct 28, 2013

Lavasa Corporation Ltd., Board Meeting, Oct 28, 2013. Agenda: To consider unaudited standalone earnings results for the six months ended September 30, 2013.

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