The current quarter witnessed a total booking value growth of 25 per cent to Rs 1,488 crore
During April-December period of the 2020-21 financial year, Godrej Properties clocked a net profit of Rs 2.19 crore, registering a sharp drop from Rs 168.13 crore in the year-ago period
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Although residential sales faced a majot set back in Q2, they made a comeback with help of pent up demand
Muted near term cash flows, increase in debt and valuations to cap upside
The Mumbai-based real estate developer said it has bought 18-acre land parcel to develop a residential project in Whitefield, Bengaluru
Realty firm Godrej Properties has bought an 18-acre land parcel in Bengaluru to develop a housing project, as part of its expansion plan
Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by upto 2 per cent from their respective intra-day's low.
The company's total income fell 37 per cent at Rs 250.23 crore in Q2FY21 from Rs 395.11 crore a year ago
Sensing the distress opportunities, Godrej Properties has been creating a war-chest to acquire land parcels.
Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city
From Wipro reporting decline in Q2 profit year-on-year, Godrej Properties buying land in Bengaluru to J&J pausing Covid vaccine, Business Standard brings you top news of the evening
Falling operating cash flows could make it difficult to meet return on equity target, say analysts
After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)
Price-volume trend indicates a further upside for realty stocks
So far, there were opportunities in stalled residential projects for top developers like Godrej Properties
Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters