Delta Corp is launching a real estate development platform in MMR with an investment of Rs 765 crore, focusing on residential redevelopment and plotted development.
Peninsula Land plans to raise ₹500 crore through QIP to acquire land in Mumbai, focusing on Parel, Lower Parel, Kanjurmarg, and Thane.
The affordable housing focus is driving sales recovery in the residential sector, while commercial segments struggle amid declining margins and revenue for major developers.
RBI's move to ease real estate lending has negatively impacted banking stocks, with BSE Bankex and Realty Index falling sharply.
The real estate sector faced a significant decline in today’s stock market, with Unitech leading the fall with a 51% drop.
Real estate stocks have plummeted, with the BSE Realty Index down 68.5% in 2008. DLF announced a buyback, while analysts predict further decline due to slowdowns, rising input costs, and high interest rates.