Final guidelines for Real Estate Investment Trusts (REITs) are expected soon, aiming to provide the real estate sector with long-term funding and boost investment opportunities.
Godrej Properties reported a 5% rise in net profit to ₹34.25 crore in Q2, primarily due to increased tax expenses, despite a 33% jump in total revenue.
Embassy Property Developers plans to raise $513 million through an IPO, according to their filed prospectus. Pre-IPO placement and retail investor discounts are also being considered.
Lodha Developers and others engage in significant land deals, with Lodha planning a massive IPO and residential project in Mumbai.
Real estate could trigger market corrections if large IPOs fail, says HDFC Chairman Deepak Parekh. Recent IPOs are overpriced and Indian realtors aim to raise significant funds.
This Diwali, the realty industry anticipates growth, with 12 public offerings and robust fund inflows, reinforcing positive market sentiment after a challenging period.
Sahara Prime City aims to raise Rs 3,450 crore from an IPO to fund development of nineteen thousand housing units and 16 integrated townships.
Retail investors show cautious approach towards recent IPOs while institutional and high net worth investors demonstrates higher interest. Several IPOs deemed overvalued, according to investment recommendations.
15 real estate firms, including Lodha Developers and Oberoi Constructions, plan to raise $6 billion via IPOs as the housing sector recovers.
Oberoi Constructions plans IPO launch in Q1 next financial year to fund growth
Amrapali Group plans to invest Rs.15,000 crore over five years for various projects, including a new 400-unit housing initiative in Ghaziabad.
Lodha Developers offers Rs 710 crore for a 10.3-acre NTC mill land in Mumbai, potentially the largest real estate deal of the year.
Several major Indian real estate developers, including Emaar MGF and Godrej Properties, plan IPOs in the current year, signaling a potential recovery for the industry.
HCC Real Estate Ltd plans major investments in land for townships and launches an 80-acre slum rehabilitation scheme, and constructs an IT park.
Indian companies are less interested in listing on London's AIM due to the global IPO slowdown and poor performance of some real estate companies, though experts predict improvement with market revival.
Emaar to invest $150 million in three Emaar MGF projects, marking the first major fund infusion since a failed IPO. This equity stake will be in separate SPVs developing retail and office properties in Gurgaon and Mohali.
SRS Group to invest ₹1,000 crore in 3 years, launch IPO by fiscal year-end. Plans include a 5-star hotel, IT park, residential complex, retail expansion, and new cinema screens.
The real estate sector faces challenges as DLF's stock drops below its issue price, reflecting broader market declines and investor uncertainty.
Godrej Properties has filed for an IPO with SEBI, proposing to offer approximately 9.4 million equity shares to support its real estate development plans.
JP Infrastructure Pvt Ltd of Ahmedabad is negotiating with a private equity fund to raise ₹200 crore, while planning an IPO and various real estate projects.
Unitech, Indiabulls, and DLF postpone REIT listings on SGX due to market conditions, opting for private placements and domestic funding.