Essayer OR - Gratuit
Realty to see mixed Q3, hectic Q4
Mint New Delhi
|January 10, 2025
The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer.
The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer. With approval-related challenges easing, sequential improvement in pre-sales or bookings is likely for most listed companies. However, a high base, coupled with muted launches, would mar year-on-year bookings growth for those largely dependent on new projects.
Seasonality and delayed approvals led to muted launches, hampering pre-sales momentum in the half-year ended September (H1). Grade A developers, particularly those with exposure to Bengaluru, such as Sobha Ltd, Prestige Estates Projects Ltd, and Brigade Enterprises Ltd saw delays in regulatory approvals.
Sobha launched just one new project in Q3 of 1.1 million square feet in Bengaluru. Its pre-sales fell 29% on-year to ₹1,388 crore but rose sequentially, showed its Q3 operational update. Prestige launched one project in Q3, while Sunteck and Kolte Patil saw no launches.
Cette histoire est tirée de l'édition January 10, 2025 de Mint New Delhi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint New Delhi
Mint New Delhi
INSIDE ZOHO'S BIG BET ON SWADESHI TECH
The company has been quietly building consumer tech products for four years now. We take a closer look.
8 mins
October 09, 2025
Mint New Delhi
America should think before it slams its door on immigration
The benefits of it are subtle but compelling enough to keep it going
3 mins
October 09, 2025
Mint New Delhi
Industry eyes cheaper brakes for bikes
The country's automobile industry has proposed an advanced combined braking system (CBS) with front disc brakes for twowheelers as an alternative to the government's mandate on installing anti-lock braking systems (ABS) on all new bikes and scooters from January 2026, two people aware of the development said.
2 mins
October 09, 2025
Mint New Delhi
Pharma deals soaring, but top drugmakers hold back
Pharma sector has surged over the past two years
2 mins
October 09, 2025
Mint New Delhi
TPG-backed lender Fibe hires bankers for ₹1k-1.5k crore IPO
TPG-backed online lending platform Fibe has shortlisted three investment bankers to steer its initial public offering (IPO), through which it plans to raise between ₹1,000 crore and ₹1,500 crore at a targeted valuation of over $1 billion, three people familiar with the matter said.
1 mins
October 09, 2025
Mint New Delhi
Cisco unveils chip to connect distant AI data centres
Cisco Systems launched on Wednesday a new networking chip designed to connect artificial intelligence (AI) data centres, with the cloud computing units of Microsoft and Alibaba enrolling as the chip’s custom-crs.
1 min
October 09, 2025
Mint New Delhi
Has TaMo priced in worst of JLR?
Tata Motors Ltd is gearing up for its long-awaited demerger.
2 mins
October 09, 2025
Mint New Delhi
America's soybean farmers are panicking over the loss of Chinese buyers
China hasn't booked any U.S. soybean purchases in months; farmers warn of 'bloodbath'
4 mins
October 09, 2025
Mint New Delhi
HOW MODI'S TRIBAL VISION BECAME A NATIONAL MOVEMENT
FROM GUJARAT TO THE NATION
2 mins
October 09, 2025
Mint New Delhi
Our lacklustre market: The fault, dear investor, is not in our stars
Foreign investors have rational and opportunistic reasons to pull money out but the India Story must refresh its appeal too
4 mins
October 09, 2025
Listen
Translate
Change font size