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Real Estate stocks edge lower

Real Estate stocks were trading in red, with the S&P BSE Realty Index index decreasing 50.59 points or 1.84% at 2705.05 at 13:48 IST.
Among the components of the S&P BSE Realty Index index, Indiabulls Real Estate Ltd (down 6.44%), Brigade Enterprises Ltd (down 5.54%),Sunteck Realty Ltd (down 3.09%),Mahindra Lifespace Developers Ltd (down 2.49%),DLF Ltd (down 2.35%), were the top losers. Among the other losers were Phoenix Mills Ltd (down 2.08%), Oberoi Realty Ltd (down 0.97%), Sobha Ltd (down 0.64%), and Prestige Estates Projects Ltd (down 0.42%).
On the other hand, Godrej Properties Ltd (up 0.08%), turned up.
At 13:48 IST, the S&P BSE Sensex was down 141.55 or 0.28% at 50222.41. ....

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Macrotech, Raheja Corp to pay for employees' Covid-19 vaccination

Two of the largest city-based realty players the IPO-bound Macrotech Developers, earlier known as Lodha Group, and K Raheja Corp on Wednesday said they would pay for the COVID-19 vaccinations of their employees.
These two companies join the select few large corporates which have announced such a move, led by Reliance Industries, which was the first to make the offer to pay for the vaccination of its employees and their family members.
Later, HDFC Bank and ICICI Bank, among a few others, also said they would pay for the vaccine shots for their staffers and their families.
An official of Macrotech, which is the largest real estate developer by residential sales in the country, told PTI that it directly employs around 2,700 people and around 9,000 who are construction workers, architects, designers and vendors. ....

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Kalyani Rafael Advanced Systems rolls out first batch of MRSAM for Indian Army and Air Force

Bharat Forge announced that Kalyani Rafael Advanced Systems, a joint venture between Kalyani Group and Rafael Advanced Defence Systems of Israel rolled out its first batch of Medium Range Surface to Air Missile (MRSAM) for the Indian Army and the Air Force. All of this in consonance with the umbrella Make-in-India idea.
The roll-out event marked KRAS commitment to deliver more than 1000 MRSAM missile kits for the Indian Army and Air Force over the coming years. These missile sections will then be forwarded to India s state-run defence miniratna Bharat Dynamics (BDL) for further and future integration.
Also, the event designated the beginning of the journey of a MSME Indian company which is committed not only to the Make-in-India concept, but to, as well, taking its own stride towards the larger Atmanirbharta idea (self-reliance). ....

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Real Estate shares slide

Read more about Real Estate shares slide on Business Standard. Real Estate stocks were trading with losses, with the S&P BSE Realty Index index falling 18.65 points or 0.66% at 2828.18 at 13:48 IST. ....

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