Car News

Kamanwala Housing Construction ltd( KHCL), a 28 years old Mumbai based real estate company, is moving steadily towards growth, despite of slowdown in industry. With various projects under pipeline, the company is set to achieve its target. Kamanwala recently completed its Santacruz's residential and commercial project. It's 5 tower residential complex in Malad (west) is expected to be completed by December 2013.  Pinnacle corporate park  a commercial project in Bandra Kurla Complex (Mumbai's Commercial Hub) will be complete by October 2013. Construction of Mahim project (Shimmering Heights) is also in progress and is expected to be completed by December 2014. Kamanwala is the owner of famous Filmistan studio in Goregaon (west), Mumbai. According to sources, Kamanwala is in talks with a leading developer of Mumbai to transform studio into shopping mall.

KHCL holds huge amount of land in Hyderabad which will soon commence work. Kamanwala has been successful in minimizing it's debt from 120 cr last year to 30 cr now. It is further looking forward to reduce debt.

KHCL is consistently showing a steady growth pattern owing to its huge land bank in prime locations along with timely completion of projects. In next coming 3 quarters the expected receivable is more than 120 crore and the company will become debt free. Accumulation of stock has been noticed in this script between the price of 27 and 30 since last 3 months. The stock shows high potential of growth and is expected to increase with time.