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Dosti Realty Limited, active in the Mumbai real estate market, plans to invest the money raised from the IPO towards business expansion and utilise the money for repaying debt. Its expansion plans include a foray into warehousing.
Mumbai's property market had its best February ever with over 12,000 property registrations, up 24% YoY. Revenue collection declined due to high stamp duty collections. Demand and sales remained strong. Mumbai has climbed to the 8th position in the global luxury real estate market.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], January 25: Dosti Realty, a leading developer in the MMR Region and Pune with a portfolio of over 21mn.sq. ft currently under construction launches its latest gem in Balkum, Thane (W) - Dosti Olive at Dosti West County. Business News | Dosti Realty Unveils Dosti Olive: Elevating Luxurious Living in Thane's Dosti West County.
Thane real estate: The redevelopment project, near the Eastern Express Highway, is spread over a 1 lakh sq ft land parcel and has a cumulative estimated development potential of 3.10 lakh sqft.
As its maiden project involving redevelopment work, the company has secured rights to redevelop a large housing society spread over a prime 2.5-acre land parcel in Thane’s Louis Wadi locality.