Anand Jain Promoted Urban Infrastructure Opportunities fund (worth more than 2500cr) is developing about 70 million sqft of reality projects across India (Unitech is developing about 50 million, Unitech's market Cap-55000cr). On comparsion on land bank also it is believed to surpass that of Unitech.
UIOF, Cnbc has reported, has joined hands with Mumbai Developer to develop about 2 million sq ft in Mumbai by investing about 250cr. Relization of 70 million sq ft at a conservative Rs.3000/sqft gives a revenue of
21000cr . Relization of Mumbai reality projects can give a revenue of anywhere between 4000-12000/sqft.
Jai Corp's Reality projects is enough to take down the Market cap of Unitech (present market cap of JaiCorp-19000cr). SEZ involvment of Jai corp can give Jai Corp a Market Cap of --- Take your own guess.
According to Enam Jai's investment in Navi Mumbai Sez-2280cr,trans harbour sea link-70cr,rewas port-170cr,balganga dam-30cr,power plant-80 cr Total 2630cr. Realisation of this 2630cr can easily give a value of 15000cr to the company. Investment in MahaMumbai Sez or Haryana Sez is not clearly known which are bigger than the Navi Mumbi Sez. International Airport/Metro Link valuation if it develops them-value-?
One can easily start calculating the total worth of the company at present and what it could become in a year or two.
My views. Do your own Research.
