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During FY24, Macrotech Developers added new projects having cumulative gross development value (GDV) of Rs 203 billion in Mumbai Metropolitan Region (MMR), Pune and Bengaluru, exceeding its guidance of Rs 175 billion.
RBI MPC's decision to keep rates unchanged sets the base for the housing sector's long-term stability and expansion, experts say
The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.
The performance has helped the company report its best-ever annual pre-sales at Rs 14,520 crore during the financial year 2023-24. With this, the company has met its guidance of 20% growth, Macrotech Developers said in a regulatory filing.
Stock Market Today: Godrej Properties, Mahindra Lifespace, Lodha, DLF others rise up to 4.3% as Nifty Realty Index remains the largest gainer, up 1.43% post RBI MPC outcome, that kept interest rates unchanged. Should you Buy Sell or Hold the stocks?