The real estate sector was one of the worst performers on July 23, following the announcement in the Budget 2024 to remove indexation benefits associated with the sale of property. The Nifty Realty index fell nearly 2 percent, contrasting with a flat Nifty. During her budget speech, Finance Minister Nirmala Sitharaman announced a reduction in … Read more
Godrej Properties Ltd. (GPL), a subsidiary of Godrej Industries, a real estate developer in India, has announced its plans to develop an 11-acre land parcel in Hinjewadi, Pune, on July 1. The new project is expected to generate an estimated revenue of approximately ₹1,800 crore, marking a significant addition to GPL’s portfolio, the company announced … Read more
Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors: The results of the upcoming Lok Sabha elections scheduled … Read more