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Realty players seem to have beaten slowdown in Q4

Godrej Properties, Oberoi Realty and Sobha posted healthy profits in Q4

Raghavendra Kamath  |  Mumbai 

The real estate sector may be undergoing a slowdown — with demonetisation and the neww RERA law prolonging the situation — but a few builders have remained unscathed. Godrej Properties, Oberoi Realty and Sobha posted healthy profits in the March quarter of 2016-17. The results are significant as home sales halved in Mumbai and Noida in the March 2017 quarter as compared to the corresponding period of the previous year, according to PropEquity, a property focused data analytics firm. Godrej Properties, real estate arm of Godrej Group, posted a net profit of Rs 63 ...

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First Published: Thu, May 18 2017. 01:49 IST