Page 37 - Macrotech Developers News Today

The Nifty Realty index closed 1.77 per cent down at 556.7.

South Mumbai, once known for being among the costliest real estate markets, is set to witness a heavy inflow of infrastructure projects like the Metro, the Coastal Road, and the Mumbai-Navi Mumbai Trans Harbour Link.

The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high

The Nifty Realty index was trading 0.24 per cent up at 564.3.

The units are located on the 15th and 16th floors of Parishram by Rustomjee on Nargis Dutt Road at Pali Hill in Mumbai

The company reported its best ever first quarter pre-sales performance at Rs 3353 crore alongside a “very strong” business development of Rs 12,000 crore.

The Nifty Realty index closed 1.83 per cent up at 562.95.

Realty firm Macrotech Developers Ltd will launch 22 new projects by March next year across Mumbai Metropolitan Region (MMR), Pune and Bengaluru with an estimated sales revenue potential of Rs 12,560 crore as it seeks to tap rising housing demand.

Nifty futures on the Nifty International Exchange traded 39 points, or 0.20 per cent, higher at 19,845, hinting at a positive start for the domestic market on Thursday.

The company added five projects with Rs 12,000 crore gross development value (GDV).