Property developers in India are installing electric vehicle (EV) chargers in residential parking areas to attract buyers and increase property values. India has seen a 137% growth in EV sales in the first half of 2023. A shortage of public charging stations has prompted developers like Sobha and Prestige to invest in properties with EV chargers.

There were 10 stocks that saw the highest selling by mutual funds in value terms to the tune of nearly Rs 32,500 crore in the June quarter, Prime Database data showed.

Robust execution and deliveries resulted in robust collections at Rs 513 crore during the quarter, up 8%. The company has already launched 2.73 million sq ft in the current financial year including 1.52 million sq ft across three projects.

Revenue for the first quarter of FY24 stood at Rs 571 crore, a surge of 185 percent.

The ace investor added that the residential property market and home improvement sector are witnessing a boom and strong demand for home loans as further reasons for investment in the sector

The sustained sales momentum witnessed in the housing property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic.

“Sales improved 58 percent by value and 52 percent by volume over Q1 FY23, on the back of strong traction across new launches and on-going projects,” said Rahul Talele, Group CEO, Kolte Patil Developers.