Realty players seem to have beaten slowdown in Q4

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

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 crore in Q4 of FY17, against