 "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 50 - Prachi Pisal
Brigade Hotel Ventures to go public with Rs 900 crore offering, files DRHP
Brigade Hotel Ventures Limited is a wholly owned subsidiary of Brigade Enterprises, a real estate developer with a total market cap of over Rs 28,700 crore
 "Brigade Hotel Ventures to go public with Rs 900 crore offering, files DRHP")
Ashoka Buildcon enters share purchase agreement, to sell road assets
The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary
 "Ashoka Buildcon enters share purchase agreement, to sell road assets")
Fastag collections on national highways estimated at Rs 72,500 crore
National highway awarding activity slowed in H1 amidst weather and elections
 "Fastag collections on national highways estimated at Rs 72,500 crore")
Revenue from Mumbai's property registrations in Oct rises 52%: Report
Mumbai recorded property registration revenue of Rs 1,081 crore in the Diwali month
 "Revenue from Mumbai's property registrations in Oct rises 52%: Report")
Realty cos raise over Rs 12,800 cr between Jan-Sept 2024 via QIPs: Report
17% of total funds raised through QIPs in 9 months of 2024 went to real estate firms. Renewable energy tops the list
 "Realty cos raise over Rs 12,800 cr between Jan-Sept 2024 via QIPs: Report")
Fireworks ban: Sellers refuse to let their business bomb this Diwali
Several states have imposed formal restrictions ranging from limiting hours to manufacturing, storage, sale, and use
 "Fireworks ban: Sellers refuse to let their business bomb this Diwali")
Adani Ports Q2 result: Net profit rises 40% YoY but misses estimates
During the quarter, the company handled a total cargo of 111 MMT, up 10 per cent YoY
 "Adani Ports Q2 result: Net profit rises 40% YoY but misses estimates")
Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy
Lodha Philanthropy Foundation (LPF) will have an initial corpus of Rs 20,000 cror
 "Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy")
JSW Infra Q2 results: Net profit jumps 46% to Rs 371 cr, beats estimates
Sequentially, the company's net profit increased by 27.04 per cent, though revenue declined marginally by 0.83 per cent
 "JSW Infra Q2 results: Net profit jumps 46% to Rs 371 cr, beats estimates")
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")