Margin improves in all segments due to gross margin and scale benefits

Birla Estates is a fully owned subsidiary of Century Textiles and Industries and the real estate venture of the diversified conglomerate.

The acquisition would help expand the company's presence in Mumbai and is expected to lead to synergies and add value for all the stakeholders.

Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday.

Edelweiss invests Rs 450 crore in Century Real Estate to develop luxury project in Bengaluru, with funds also earmarked for other ongoing ventures.

Return-to-office has picked pace; physical occupancies ramping up, while mall retail consumption shows growth challenges

The PE inflow in real estate stood at $5,138 million in 2019-20, $6,377 million in 2020-21, $4,236 million in 2021-22 financial year.

Asset-light business model, efficient and scalable

Most Indian realty companies may outperform their annual guidance on key operational metrics such as pre-sales growth in fiscal 2024. Eight real estate firms' business updates revealed that six exceeded their annual guidance in key operational metrics such as pre-sales growth in FY24. Signature Global (India) Ltd. led the way, surpassing its annual guidance by 61.5%, thanks to the successful launch of its first-ever premium housing project in Gurugram. Ajmera Realty & Infra India Ltd. reported i

The stock rose as much as 4.98% during the day to Rs 144.3 apiece on the NSE.

Indiabulls Real Estate said its key management personnel and senior management personnel have agreed to the preferential issue and will infuse over Rs 63.56 crore in the company.

The report identifies 821 criminal groups with an overall membership of over 25,000 that pose the highest-risk to the bloc.

The institutional investments stood at $1,658.3 million in the year-ago period.

Many of the DLF projects may not be completed in the next threefour years despite strong pre-sales growth, Morgan Stanley says.

Pressure at regional banks, a continuing downturn in US office prices and elevated interest rates have money managers piling back into bearish wagers on one of their favorite sectors: commercial property.

The real estate sector is going to benefit when the rate-cut cycle kicks in, Centrum's Manish Jain says.

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CREDAI also projected that there will be 7 crore units of additional housing demand by 2030.

He highlighted that investments are coming into commercial real estate including data centres and warehousing.

The company said that it believes this order to be unlawful and is evaluating legal options to defend itself.