Realty Czars Cash In On Demand Boom
Real estate sector creates unprecedented wealth for promoters as companies chase next phase of expansion.
Real estate sector creates unprecedented wealth for promoters as companies chase next phase of expansion.
DLF chairman emeritus is followed by politician and property magnate Mangal Prabhat Lodha.
Demand surge in residential housing helps DLF chairman emeritus top real estate gains this year.
BSE realty index surged over 3% today, led by sectoral heavyweights such as Lodha, DLF, Oberoi Realty, Godrej Prop, Prestige, and Sunteck Realty.
The company reported a 16.5% YoY jump in its consolidated net profit to ₹920.71 crore in the March quarter of FY24.
DLF says it continues to see sustained demand momentum across all segments
Realty sector is the second-highest employment generator in India, after agriculture
Eight billionaires from real estate make it to this year's list of wealthiest Indians as the sector continues to remain resilient post-pandemic.
The promoter was reportedly planning to offload shares worth ₹1,086.2 crore at around 3% discount to the current market price.
Luxury apartment sales pick up as uber rich focus on building personalised spaces.