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.
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.
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.
Sahara Prime City engages construction firms for residential projects within Sahara City Homes, part of its 217-township initiative across India. Initial development focuses on 102 cities, including Lucknow, Nagpur, and Indore.
Sahara Prime City plans to raise Rs 2,000 crore within 18 months for the development of 217 integrated townships across India, focusing on debt and private equity funding.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.