Sobha, Godrej Properties, Phoenix, Anant Raj, Lodha Developers, Oberoi Realty and Aditya Birla Real Estate were up between 3 per cent and 4 per cent on the NSE in Tuesday's intra-day trade.
Bank, realty, auto and financial services stocks surged up to 10 per cent after the Reserve Bank of India (RBI) maintained status quo
The company expects to reduce business development investments over the next 24 months and increase free cash flow
Realty firm Lodha Developers on Tuesday reported a 23 per cent increase in pre-sales to Rs 5,890 crore during the last quarter, but failed to meet the annual target because of West Asia conflict. The pre-sales or sales bookings stood at Rs 4,810 crore in the year-ago period. During the full 2025-26 fiscal, the company's sales bookings rose 16 per cent to Rs 20,530 crore from Rs 17,630 crore in the preceding year. In a regulatory filing, the company shared the operational update of the January-March quarter of 2025-26 fiscal. "We achieved our best ever quarterly pre-sales of Rs 58.9 billion in Q4, FY26 (+23 per cent year-on-year)," Lodha said. "Our pre- sales for the full year stood at Rs 205.3 billion in FY26 (+16% YoY growth), March saw select deferral of sales due to the Iran war leading to pre-sales being Rs 4.7 billion below guidance," the company pointed out. Lodha Developers had set a target of achieving Rs 21,000 crore worth pre-sales during the 2025-26 fiscal. Lodha ..
The Nifty Realty index tanked over 34 points or 4.8 per cent to the day's low at 662.85
Sobha, Anant Raj, Prestige Estates Projects, Oberoi Realty, Signature Global and Lodha Developers were down in the range of 4 per cent to 6 per cent on the NSE in intra-day trade on Monday.
According to Nomura, the latest trends indicate that India's real estate sector is in a mature phase rather than entering a slowdown
In the past one month, the realty index has tanked 10 per cent, as against 6 per cent fall in the BSE Sensex.
The consideration also includes 5,017 square metres of real estate regulatory authority (Rera) carpet area, 150 car parking spaces, and a 42.5 per cent trust share in the development
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Lodha Developers has signed a Rs 364.80 crore joint development agreement with Sahana group to develop multiple land parcels in Mumbai's Parel-Sewree division
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