The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer. With approval-related challenges easing, sequential improvement in pre-sales or bookings is likely for most listed companies. However, a high base, coupled with muted launches, would mar year-on-year bookings growth for those largely dependent on new projects.
Seasonality and delayed approvals led to muted launches, hampering pre-sales momentum in the half-year ended September (H1). Grade A developers, particularly those with exposure to Bengaluru, such as Sobha Ltd, Prestige Estates Projects Ltd, and Brigade Enterprises Ltd saw delays in regulatory approvals.
Sobha launched just one new project in Q3 of 1.1 million square feet in Bengaluru. Its pre-sales fell 29% on-year to ₹1,388 crore but rose sequentially, showed its Q3 operational update. Prestige launched one project in Q3, while Sunteck and Kolte Patil saw no launches.
هذه القصة مأخوذة من طبعة January 10, 2025 من Mint Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 10, 2025 من Mint Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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