ICRA projects the volumes of the domestic MCE industry to decline in FY2025 following two consecutive years of strong growth viz. 26% in FY2023 and 24% in FY2024e. The reversal in this growth trend will be driven by a slowdown in the new project award activity in Q4 FY2024 and Q1 FY2025, as the Model Code of Conduct will remain in force during the Parliamentary Elections in April-May 2024 (till the announcement of results on June 4, 2024). Additionally, the aggregate revenues for ICRA's sample set companies are expected to contract by 9-12% and operating margins by 100-150 basis points in FY2025.
Denne historien er fra May 2024-utgaven av Construction Week.
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Denne historien er fra May 2024-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
GAUR NYC RESIDENCES
Group's third ultra-luxury project
HIRANANDANI WOODSPRING
Hiranandani Woodspring by House of Hiranandani, located along the Bhiwandi-Kalyan corridor is spread across 4.5 acres. The premium residential complex is set to change the skylines of Kalyan with its neoclassical and meticulously crafted towers of 25-28 storeys.
OPENING DOORS TO THE WORLD
Aluk India opened its Home Experience Centre in Bangalore. It will offer partners and customers an insight into fascinating and unique products
OVER THE TOP
Building bridges and flyovers that last decades is easy, if you follow stringent principles
RIGHT FROM UNDER
When it comes to CE, excavators beat others hands down
THE POWER OF PERSISTENCE
Amit Jain, chairman & managing director, Arkade Developers, joined his father's real estate A pretty early on in his career. While his father entered the world of real estate in 1985-86 with single stand-alone buildings, Amit quickly learnt the ropes and joined his father after completing his graduation from Mithibai College.
SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL
The focus is on sustainable development and modern urban planning
TREVOC GROUP SETS RS 1000 CRORE TARGET
This project offers more than just luxury amenities
