Godrej Properties, based in Mumbai, has reduced its net debt by 24% to Rs 1,470 crore in the second quarter, leveraging funds from a rights issue.
In March, India's foreign direct investment fell 11% year-on-year to $1.07 billion, highlighting the need for policy improvements amidst declining FDI trends.
As residential sales decline, real estate companies brace for a drop in profits, while the office market sees potential growth amidst economic recovery.
DLF plans to raise Rs. 2700 cr. by selling non-core assets to reduce debt by 33% this financial year.
HDIL will book INR 350 crore in the remaining quarters following an Income Tax raid, denying any hidden income or tax evasion.
Real estate attracted 20% of total investments by venture capital funds and foreign investors in the previous fiscal year.