DRA Homes readies for IPO as real estate pipeline builds; First Realty firm to rollout ESOP ahead of listing plans

DRA Homes is preparing for a public listing within three years, joining a trend of real estate firms tapping capital markets. The company has launched a 125 crore employee stock ownership program, granting 5% ownership to 325 employees. This move aims to strengthen governance and align stakeholders as DRA Homes targets expansion and a wider national presence.