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 New Delhi.
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 New Delhi.
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
How Reinsurers Can Help Bridge India's Huge Protection Gap
India's insurance industry is growing rapidly, supported by robust economic growth, an expanding middle class, innovation, and strong regulatory support.
LG Gets Sebi's Nod to Float India IPO
LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, has received markets regulator Securities and Exchange Board of India's (Sebi) approval for its ₹15,000 crore initial public offering (IPO), people familiar with the matter said on Thursday.
How to withdraw your VPF to buy a home or repay loan
EPF and VPF do not exist in silos and the rules for withdrawal are the same for both
HDFC Life enhances security protocols
DFC Life Insurance on Thursday said the company faced data theft last year and the issue has been addressed.
Polerouter: Celebrating a dress watch from the Jet Age
When it comes to classic mid-century vintage watches, few have the aura of the Universal Genève Polerouter
Citi Plans to Slash IT Contractors, Hire Staff to Aid Controls
Citigroup plans to dramatically reduce its reliance on information technology (IT) contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.
Sebi Expands What Qualifies as UPSI
Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements.
Purple Style Labs secures $40 mn in Series E funding
Purple Style Labs, the parent company of luxury ethnic wear platform Pernia's Pop-Up Shop, has raised $40 million in its Series E round of funding.
Finding the key to joy in Nordic countries
Big and small acts of kindness, solidarity and community spirit ensure the Nordic people remain content
Is ₹6 crore enough to retire? How to plan for a secure future
I am 38 years old, earning ₹1.80 lakh per month, with monthly expenses of ₹1 lakh.
