JKE is a diversified real estate and Infrastructure development company with major shareholding of Wadia Group. JKE established itself in the development of residential complexes, integrated Townships, Commercial complexes in and around Delhi, Ghaziabad, NOIDA, IndiraPuram and Greater NOIDA. A Residential complex (since implemented and handed over to occupants) in the Sector 61 NOIDA is hallmark in terms of Quality, Delivery Schedule, Facilities, landscaping and workmanship. The said project of JKE has been judged as an outstanding building block in NOIDA by Noida Authority. The other complexes include a successfully completed, commissioned and delivered multifaceted Commercial Plaza in Sector 18, the commercial hub of NOIDA.
An integrated residential complex is completed and handed over to its owners in IndiraPuram. Another huge residential complex in the adjoining vicinity of IndiraPuram is nearing completion. JKE has also successfully completed other commercial complexes in Greater NOIDA, NOIDA and Delhi besides implementing a state of art of mall with Multiplex in Indira Puram. JKE is a consistently profit making company. Most of the projects have been completed and handed over to the owners. The established track record of implementing residential and commercial complexes has made JKE a trusted brand amongst investors, owners and property developers.
Jai Krishan Estates Developers Pvt. Ltd (JKED) is the flagship wholly owned real estate Company of Ashok Wadia/Wadia Group. JKED has embarked on acquiring the land bank in strategic locations. While most of the investments have been made by JKED as wholly owned investment, some investments have been made in partnership with other companies for development of joint venture Projects. As on 31st March, 2013, the Share Capital of JKED stood at Rs. 111.37 lac with reserves and surplus of Rs.3384.50 lac. The investment details and broad current status is as under:
|Location||Current value||Current Status|
|Commercial Free hold plot admeasuring about 39,000 sq. meters in prestigious Harsh Nagar area of Meerut||Rs. 2500 million wholly owned||Implementation of Multipurpose Commercial complex including mall & Hotel is contemplated on the proposed site|
|Implementation of Multipurpose Commercial complex including mall & Hotel is contemplated on the proposed site||Rs. 4000 million||JV (with 70% holding by JKED/Associate Companies) is in progress. The entire project is Self funded except a Medium TL of about Rs.20 crore from PNB.|
|Panipat Township in land admeasuring acres about 116 acres||Rs. 1600 million||JV with 50% holding of JKED/Associate companies|
|Ghaziabad township- Integrated City in prestigious location at Noor Nagar, Morti ( About 80 acres)||RS. 5000 million Wholly owned||Around 80 acres already acquired and owned by JKED/Associate companies. Further acquisition under different stages of conclusion and registration.|
|Integrated Township at Kota admeasuring about 150 acres||Rs. 1700 million||Major holding of JKED. Applications for conversion of Agricultural to Residential activity by the competent authority is in progress.|
|Joint Venture High Rise complex in Sonepat adjoining the Green wood Integrated Township||On 10 acres of land in Sonepat under Joint Venture with Parker Group, a leading developer of Sonepat|
|Joint Venture High Rise complex in Sonepat adjoining the Green wood Integrated Township||On 20 acres of land in Sonepat under Joint Venture with Vardhaman Group, a leading developer of NOIDA.|
|High Rise state of art Residential Complex – Koushambi bordering East Delhi with 148 HIG Flats||Project Revenue realization estimated at abt Rs.2600 million||Owning Parcel of land without any debt and developing the complex with SVP Group on 50.50 basis|
Jai Krishan Group also own a 50: 50 partnership firm Shipra Estates Ltd. & Jai Krishan Estate developers Pvt Ltd. For development of prestigious Multi-storey projects in Indirapuram by name of “Azure”, “Vista” and “Srishti”. All these projects are the hall marks of construction and development in the vicinity of Indirapuram.
Jai Krishan Group also own commercial properties in Delhi, Haryana, U.P resulting in perpetual income to the Group besides appreciation in the capital value of real estate, wholly owned by the Group.