Page 41 - Macrotech Developers News Today

The buyer Rajendra Barwale, director of Mahyco, along with his wife and son, has bought the apartment spread over a total of nearly 9,546 sq ft on the 2nd floor of the super-luxury residential tower Lodha Malabar on Walkeshwar Road.

Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the countrys leading large and listed developers to reduce their debt.

These developers are DLF, Macrotech Developers (Lodha brand), Godrej Properties, Prestige Estates Projects, Sobha, Brigade Enterprises, Puravankara and Mahindra Lifespace Developers Ltd. Net debt of top eight listed developers has reduced from Rs 40,500 crore in FY20 to over Rs 23,000 crore in FY23.

The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the countrys leading large and listed developers to reduce their debt. Anarock analysed financial performances of the top eight developers engaged in the development of residential real esta...

The Nifty Realty index was trading 1.09 per cent up at 539.4.

The Nifty Realty index was trading 1.56 per cent up at 536.45.

Godrej Properties has become the top bidder for two luxury group housing lands across Golf Course Road, Gurugram with a combined potential revenue of approximately Rs 3,100 crore. These two prime projects are spread across an area of 2.76 acres and 5.15 acres, respectively. Golf Course Road is known for its upscale residential and commercial developments, making it a perfect location for further real estate development.

The Nifty Realty index closed 1.02 per cent up at 533.6.

The Nifty Realty index was trading 0.41 per cent down at 524.7.

The Nifty Realty index closed 0.26 per cent up at 528.2.