The company reported a net loss of Rs 53 crore for the period vis-a-vis a net profit of Rs 41 crore in Q1FY20
Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.
Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account
While Brigade plans to ramp up the number of operating keys in its hospitality business from 1,350 to 2,000 in 24-30 months, it is also looking to add keys beyond 2,000 in the longer run
While Brigade plans to ramp up the number of operating keys in its hospitality business from 1,350 to 2,000 in 24-30 months, it is also looking to add keys beyond 2,000 in the longer run
The stock that hits a new lifetime high attracts more volumes resulting in higher price levels.
The Union Cabinet has approved the setting up of an AIF to revive around 1,600 stalled housing projects across top cities in the country.
The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).
The stock was up 6% at Rs 220, its highest level since September 11, 2018.