Realty major Unitech Ltd reported a 50% decline in property sales during the first half of the current fiscal due to global market slowdown.
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.
L&T secures a Rs 1,337 crore contract from DLF for 'The Crest,' a new residential project in Gurgaon, featuring 765 units with 250 already sold.
DLF Ltd reports 4.8% drop in net profit for FY 2011, with a 19% decline in Q4 net profit.
As residential sales decline, real estate companies brace for a drop in profits, while the office market sees potential growth amidst economic recovery.
Omaxe reported a consolidated net profit of ₹495 crore for FY 2007-08, a significant increase from the previous year, alongside a 60.26% revenue rise.