At a time of rising penchant for luxury homes, DLF Ltd is on firm ground. The residential realty developer clocked pre-sales or bookings of ₹6,404 crore in the June quarter (Q1FY25), up more than 200% year-on-year. This whopping increase was driven by the launch of the second phase of the luxury […]
real estate sector
The stars are gradually aligning for Mumbai-focused Oberoi Realty Ltd. Pre-sales or booking traction in its ultra-luxury project Three Sixty West in Worli is improving, bringing some comfort amid high levels of unsold inventory. In the June quarter (Q1FY25), Oberoi’s pre-sales rose 124% year-on-year to around ₹1,070 crore driven by […]
In Budget 2024, Finance Minister Nirmala Sitharaman removed the indexation benefits previously available for property sales. Global brokerage house CLSA believes this move is negative for investments with shorter duration. The FM also announced a reduction in Long Term Capital Gains (LTCG) Tax on property sales from 20% to 12.5%. […]
After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]