With the increase in property sales, real estate companies have started recovering from a difficult phase. Their balance sheets have strengthened, and
Registration of homes stood at 7,582 units in November last year. During January-November 2020, 46,052 homes were registered.
RIL said a majority of its shareholders have passed a resolution to appoint Saudi Aramco chairman Yasir Al-Rumayyan as an independent director.
Low mortgage rates, stable property prices & robust hiring outlook is expected to support residential housing demand
Macrotech Developers' net debt stood at Rs 12,435 crore at the end of the June quarter as against Rs 16,076 crore as on March 31, 2021
Other real estate majors like Brigade Enterprises, DLF, Godrej Properties, Oberoi Realty, have gained between 15%-42% during the same period
Shares of Macrotech Developers have rallied nearly 22.8% in five trading sessions from its previous closing low of Rs 650.45 on 6 July 2021.
Brokerages are of the opinion that Macrotech Developers has a potential upside of 28% and can touch Rs 800 in the near term
Our net debt will come down to Rs 12,000 crore level at the end of this April-June quarter with the help of the IPO proceeds and infusion of funds by
Macrotech Developers' total income fell to Rs 2,611.16 crore during the January-March period of last financial year from Rs 3,203.63 crore in the corr