Godrej Properties expects to beat initial expectations for FY24
"We have done about 82% of the full year guidance we had given by the end of the third quarter. We are quite optimistic of going well past the Rs 10,000 crore annual booking guidance we had given. Exactly what the number will be will depend on the number of launches that happen and how they are received," says Pirojshah Godrej.
Godrej Properties buys 60-acre land in Chennai's Oragadam
The proposed project is estimated to have a developable potential of approximately 1.6 million square of saleable area, comprising primarily of residential plotted development, the company said in a statement.
PFC and REC are doing well now; should you buy them? Digant Haria answers
"We were quite positive on real estate and the stocks really did not do well despite the sales. I could sense that there are two things which the market is worried about. Last year, big inflation came through in cement and all kinds of building materials which go into building a house and that would probably be the only reason of concern which I could figure out. Apart from that, the sector outlook is really healthy and it is again representative of the rich mens consumption which is really booming in India. "
Sandip Sabharwal on which stocks and sectors to look at in 2023
L&T has also done very well but L&T I still believe even from the current levels can offer double digit returns because of the kind of order flows that are happening on a daily basis on the balance sheet and its valuations have not zoomed up as the other large caps.
Stocks in the news: NDTV, Tata Motors, Siemens, DB Realty, Quess Corp
The founders of NDTV, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to Adani Group-owned RRPR Holding. Consequently, Adani Group will hold 64.71% stake in the news broadcaster.
Godrej Properties eyes Rs 3,000 crore sales revenue from 14-acre new land in Gurugram
In a regulatory filing, the company said it has "entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana." The development will comprise predominantly premium residential apartments.
FPIs go long on realty stocks, invest Rs 3,150 cr in Dec
According to Murtuza Arsiwalla, an analyst at Kotak Securities, the three listed REITs (Real Estate Investment Trusts) offer near-term revenue growth of 15-20% between FY2022 and FY2025, aided by organic and inorganic growth. "Investors focus on improving physical occupancy and return-to-office strategies of large IT companies. We are encouraged by strong leasing activity for the industry, partially factoring in healthy dividend yields," he said.