 "Prachi Pisal")
Prachi Pisal
Prachi Pisal
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Page 43 - Prachi Pisal
Rising interest rates, prices hurt real estate demand: Hiranandani Group MD
The Indian real estate sector witnessed a decline in affordable housing launches and overall sales in the September quarter of 2024
 "Rising interest rates, prices hurt real estate demand: Hiranandani Group MD")
Mahindra Lifespace incurs Rs 14 crore loss in Q2; pre-sales up 77%
The company, however, achieved pre-sales of Rs 397 crore for the quarter with a saleable area of 0.53 million square feet (msf) in the residential segment
 "Mahindra Lifespace incurs Rs 14 crore loss in Q2; pre-sales up 77%")
Mindspace REIT's net operating income rises 5% to Rs 503 crore in Q2
REIT's net profit declined by 11.03 per cent YoY to Rs 125.63 crore, missing the Bloomberg estimate of Rs 164.1 crore
 "Mindspace REIT's net operating income rises 5% to Rs 503 crore in Q2")
Bachchan family's real estate investments cross Rs 100 cr mark in 2024
Actor Amitabh Bachchan's latest acquisition is worth Rs 24.95 crore in Mulund
 "Bachchan family's real estate investments cross Rs 100 cr mark in 2024")
Embassy Reit Q2 revenue jumps 12% to Rs 997 crore, beats estimates
The total comprehensive income attributable to the unitholders stood at Rs 1,530.4 crore in comparison with the income of Rs 216.7 crore in Q2 FY24
 "Embassy Reit Q2 revenue jumps 12% to Rs 997 crore, beats estimates")
Godrej Properties Q2 results: Profit zooms fivefold to Rs 335 crore
Company's revenue from operations for the quarter stood at Rs 1,093.23 crore, 3.2x from year-ago period
 "Godrej Properties Q2 results: Profit zooms fivefold to Rs 335 crore")
Global Capability Centres to cross 2,500 mark in four years: JLL India
Over 1800 GCCs in India have occupied 240 msf of space: Report
 "Global Capability Centres to cross 2,500 mark in four years: JLL India")
GMR Group secures Rs 6.3k cr investment from Abu Dhabi Investment Authority
Hopes for significant reduction in its pledged shares upon completion of debt deal
 "GMR Group secures Rs 6.3k cr investment from Abu Dhabi Investment Authority")
Average office rents across top 6 cities breach pre-pandemic levels: Report
Office rents in Delhi-NCR clock the highest increase, rising by 8.3% in 2024 compared to 2019
 "Average office rents across top 6 cities breach pre-pandemic levels: Report")
Arkade Developers eyes Rs 4,000 crore topline from ongoing projects
The company will launch a project in Thane with an estimated revenue potential of Rs 2,000 crore in FY2026
 "Arkade Developers eyes Rs 4,000 crore topline from ongoing projects")
Aditya Birla Real Estate's Q2 total income rises 30% to Rs 1,130 crore
The company's net profit for the quarter stood at Rs 2.82 crore against the loss of Rs 32.87 crore it incurred in Q2 FY24
 "Aditya Birla Real Estate's Q2 total income rises 30% to Rs 1,130 crore")
Emaar India to invest Rs 2,000 crore in Mumbai Metropolitan Region market
The company's first project in the state will soon be launched in Alibag, with an estimated revenue potential of about Rs 700 crore
 "Emaar India to invest Rs 2,000 crore in Mumbai Metropolitan Region market")
Foreign investors infuse $436 mn in real estate in Q3 2024, up 139%: Report
Overall, the sector received institutional investments of $0.96 billion during the quarter
 "Foreign investors infuse $436 mn in real estate in Q3 2024, up 139%: Report")
Real estate remains most preferred asset class for investment: Report
According to a survey by FICCI and Anarock, 59% of respondents across 14 cities favoured real estate as the most preferred asset class
 "Real estate remains most preferred asset class for investment: Report")
Godrej Properties acquires land in Ahmedabad for residential project
Project's estimated booking value is about Rs 1,300 crore
 "Godrej Properties acquires land in Ahmedabad for residential project")
Reliance Infra's shareholders approve fundraise of Rs 6,000 crore
The company's board of directors had approved the fundraise on September 19
 "Reliance Infra's shareholders approve fundraise of Rs 6,000 crore")
Oberoi Realty Q2FY25 results: Net profit rises 29% to Rs 589 crore
Segment-wise, the company's real estate business generated revenue of Rs 1,276.14 crore, almost 94 per cent of its total revenue
 "Oberoi Realty Q2FY25 results: Net profit rises 29% to Rs 589 crore")
Roadway Solutions secures LOA for major MSRDC projects worth Rs 4,700 cr
The company will be working on two MSRDC projects, viz., Pune Ring Road and Jalna-Nanded Expressway
 "Roadway Solutions secures LOA for major MSRDC projects worth Rs 4,700 cr")
Employee grievances at India's top companies up 30% in FY24, shows data
BSE50 companies reported 8,468 complaints
 "Employee grievances at India's top companies up 30% in FY24, shows data")
Mumbai property registrations grow 13% during Navratri: Knight Frank
The region witnessed 5,199 property registrations during the nine days of Navratri, from 3 to 11 October 2024
 "Mumbai property registrations grow 13% during Navratri: Knight Frank")