Why are Brigade Enterprises, Prestige Estates shares trading higher today?
Brigade Enterprises has raised ₹1,500 crore by selling equity shares to institutional investors, while Prestige Estates garnered ₹5,000 crore via QIP.
Brigade Enterprises has raised ₹1,500 crore by selling equity shares to institutional investors, while Prestige Estates garnered ₹5,000 crore via QIP.
DLF chairman emeritus is followed by politician and property magnate Mangal Prabhat Lodha.
Indexation benefits being removed from long term real estate deals is a dampener.
The real estate industry hopes for its long-standing demands such as industry status, greater tax exemptions on loans to be met.
The main reason people buy in real estate now (44%) has emerged to be capital appreciation rather than lifestyle modifications.
Rate-sensitive stocks slipped in red as the central bank raised the repo rate for the sixth time in a row, which is likely to impact consumption and demand for loans.
Trump Tower’s licensee in India, Tribeca Developers, is looking to build 3 to 5 residential luxury properties in 12 months
The BSE bankex index was the top performer with a 2% gain, led by Bank of Baroda, Federal Bank, Kotak Mahindra Bank, HDFC Bank, and SBI.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement
The property market is back on the radar as homebuyers are on a shopping spree thanks to limited supply, ample liquidity and rock bottom interest rates.