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Phoenix Mills arm Casper Realty wins bid for two prime plots in Mohali for Rs 891 crore
Shares of Phoenix Mills Ltd ended at ₹3,525.90, up by ₹80.95, or 2.35% on the BSE.
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Thu, Sep 19, 2024
Business Standard
Arkade Developers IPO gets subscribed 106.40 times on offer's last day
The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday. The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE. Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription. The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The realty firm has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. Proceeds from the issue will be used for the development of the ..
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Thu, Sep 19, 2024
Business Standard
Phoenix Mills arm successfully bids for two prime city-centric plots in Mohali, Punjab
Phoenix Mills announced today that Casper Realty (Casper), a wholly owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab.
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Thu, Sep 19, 2024
The Economic Times
Stock market update: Nifty Realty index advances 0.49%
The Nifty Realty index closed 0.49 per cent up at 1069.0.
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Thu, Sep 19, 2024
Business Standard
Volumes jump at Sunteck Realty Ltd counter
Sunteck Realty Ltd saw volume of 65.37 lakh shares by 14:14 IST on NSE, a 26.9 fold spurt over two-week average daily volume of 2.43 lakh shares
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Thu, Sep 19, 2024
Mint
LIC Mutual Fund buys a stake in this multibagger realty stock. Details here
Multibagger stock: LIC Mutual Fund acquired nearly 3 lakh shares of this small-cap stock on September 17 at ₹758.89 each. The stock has surged over 200 per cent from its 52-week low of ₹255.80 in six months.
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Thu, Sep 19, 2024
The Economic Times
Stock market update: Nifty Realty index falls 0.45% in an upbeat market
The Nifty Realty index was trading 0.45 per cent down at 1058.95.
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Thu, Sep 19, 2024
The Economic Times
Gurgaon realty Cos use new TDR policy to increase saleable area
Developers in Gurgaon are leveraging the Haryana government's Transfer of Development Rights (TDR) policy to expand commercial and residential projects. This allows landowners to receive TDR certificates instead of monetary compensation, which can be sold to developers. Companies like Godrej, AIPL, and Landmark are utilizing TDR to maximize project potential.
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Thu, Sep 19, 2024
Business Standard
Volumes jump at Sunteck Realty Ltd counter
Sunteck Realty Ltd saw volume of 1.46 lakh shares by 10:48 IST on BSE, a 12.78 fold spurt over two-week average daily volume of 11444 shares
Business Standard
B L Kashyap gets construction order worth Rs 221 crore
The civil engineering company announced that it has secured new order aggregating to Rs 221 crore from SSS Realty & Co for construction work in Bangalore.
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Thu, Sep 19, 2024
Business Standard
Prestige Estates Projects Ltd Surges 2.59%, BSE Realty index Gains 1.17%
Prestige Estates Projects Ltd has added 8.63% over last one month compared to 2.26% gain in BSE Realty index and 3.35% rise in the SENSEX
The Economic Times
Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint en
Realty developer Lodha, listed as Macrotech Developers, has acquired Ivanhoé Cambridge's stake in three joint entities for Rs 239.56 crore. This move aligns with Lodha's strategy to grow its annuity income. The acquisition increases Lodha's stakes in Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.
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Thu, Sep 19, 2024
Business Standard
Investors subscribe Arkade Developers' IPO 29.42 times offer size on day 3
The initial public offer of Arkade Developers got subscribed 29.42 times on Wednesday, day three of the share sale. The Rs 410-crore initial share sale received bids for 69,94,46,440 shares against 2,37,75,719 shares on offer, according to NSE data. The quota for non-institutional investors garnered 58.80 times subscription while the Retail Individual Investors (RIIs) part got subscribed 33.26 times. The portion for Qualified Institutional Buyers (QIBs) received 61 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale
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Wed, Sep 18, 2024
The Economic Times
Stock market update: Nifty Realty index falls 0.23%
The Nifty Realty index closed 0.23 per cent down at 1063.75.
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Wed, Sep 18, 2024
The Economic Times
Stock market update: Nifty Realty index falls 0.06% in an upbeat market
The Nifty Realty index was trading 0.06 per cent down at 1065.6.
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Wed, Sep 18, 2024
The Economic Times
Nifty Realty down 7% from peak. Can property stocks buck sectoral churning to remain on top?
The Nifty Realty index, representing top real estate stocks, has declined by 7% over the past three months due to election-related delays in project approvals and launches. Despite this, some stocks remain strong performers. Experts anticipate that interest rate cuts and the festival season could boost real estate demand.
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Wed, Sep 18, 2024
Business Standard
Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding
The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O
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Tue, Sep 17, 2024
The Economic Times
Realty developer CRC group ties up with Dubai’s Killa design for Noida project
Dubai-based architect Shaun Killa has partnered with Noida's CRC Group to design a luxury residential project in Greater Noida. Known for his sustainable designs, Killa aims to blend luxury with eco-friendly technologies. The project will feature 375 to 400 exclusive units, focusing on green living and innovative design.
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Tue, Sep 17, 2024
The Economic Times
Stock market update: Nifty Realty index advances 0.61%
The Nifty Realty index closed 0.61 per cent up at 1066.2.
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Tue, Sep 17, 2024
Business Standard
Nifty ends above 25,400; realty shares outperform
The domestic equity indices ended with minor gains on Tuesday. The Nifty settled above the 25,400 level after hitting the days low of 25,352.25 in morning trade. Realty, consumer durables and auto shares advanced while media, PSU bank and metal stocks declined.
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Tue, Sep 17, 2024
Business Standard
Gaurs Group plans IPO in next 18 months to tap growth potential: CMD
Realty firm Gaurs Group is planning to launch its Initial Public Offering ( IPO) in the next 18 months as it looks to expand business amid strong consumer demand, its CMD Manoj Gaur said on Tuesday. Byoued by the successful launch of its luxury housing project in Ghaziabad clocking Rs 3,100 crore sales in three days, Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market. He said the company will also develop commercial assets, including malls, hotels, office spaces and schools/colleges to generate stable rental income. "We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges," Gaur told PTI. He noted that both property and stock markets are performing well. "We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth," said Gaur, who is also Chairman
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Tue, Sep 17, 2024
The Economic Times
Stock market update: Nifty Realty index falls 0.2% in an upbeat market
The Nifty Realty index was trading 0.2 per cent down at 1057.6.
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Tue, Sep 17, 2024
The Economic Times
Stock Radar: Buy on dips! Oberoi Realty stock can hit fresh record highs: Shitij Gandhi
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Tue, Sep 17, 2024
The Economic Times
Stock market update: Nifty Realty index advances 0.57%
The Nifty Realty index closed 0.57 per cent up at 1059.7.
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Mon, Sep 16, 2024
Business Standard
Emperium targets Rs 775 cr revenue from Yamunanagar, Gurugram projects
Realty firm Emperium Pvt Ltd will develop a 40-acre township project in Yamunanagar and a housing project in Gurugram over the next three years with an estimated revenue potential of Rs 775 crore. Since its inception, Emperium has delivered 1.7 million square feet of residential spaces, completing 1,320 units in Panipat City alone, with a total revenue of Rs 341 crore. "In the next three years, Emperium plans to develop an additional 2.1 million square feet across 1,055 units," the company said in a statement on Monday. It will develop a luxury residential project PREMIO in Gurugram and a 40-acre township project EMPERIUM RESORTICO in Yamunanagar. Ravi Saund, Founder Director, Emperium Pvt Ltd, said, the projected revenue for these two new projects is Rs 775 crore. In Gurugram project, the company will develop 216 apartments. In Yamunanagar township, it is offering villas, plots, floors, and SCOs (shops cum offices). Saund said the company has delivered high-quality projects acro
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Mon, Sep 16, 2024
Business Standard
Eros aims Rs 900 cr revenue from new housing project in Greater Noida West
Realty firm Eros Group is expecting around Rs 900 crore revenue from its new housing project in Greater Noida (West) on strong demand for premium residential properties. The company has recently launched its new housing project 'Eros Sampoornam 3' in Greater Noida West comprising a total of 726 units. The project is spread over 5.5 acre and is scheduled to be delivered by 2028. To begin with, Eros Group has opened 318 units across five towers for sale and has already sold around 180 units valuing Rs 250 crore. Avneesh Sood Director, Eros Group said, "The early sales success reflects the trust and confidence that homebuyers have in our brand." A company official said the total sales realisation for the entire 726 units is expected to be around Rs 900 crore. The carpet area of flats ranges from 531.63 square feet to 1,068.67 square feet. Eros Group has already delivered its 12.5 acre housing project 'Sampoornam' comprising 1,768 units. It will soon offer possession for 'Sampoornam 1
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Mon, Sep 16, 2024
Business Standard
Sensex, Nifty end with minor gains; media shares outperform
The domestic equity indices ended with limited gains on Monday. The Nifty closed above the 25,350 mark after hitting the days low of 25,336.20 in early afternoon trade. Media, metal and realty shares advanced while FMCG, IT and pharma shares declined.
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Mon, Sep 16, 2024
The Economic Times
Emperium targets Rs 775cr revenue from township in Yamunanagar, housing project in Gurugram
Realty firm Emperium Pvt Ltd will develop a 40-acre township in Yamunanagar and a housing project in Gurugram over the next three years, with an estimated revenue potential of Rs 775 crore. The company plans to develop an additional 2.1 million square feet across 1,055 units during this period.
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Mon, Sep 16, 2024
The Economic Times
Eros Group aims Rs 900 crore revenue from new housing project in Greater Noida West
Realty firm Eros Group anticipates around Rs 900 crore revenue from its new housing project 'Eros Sampoornam 3' in Greater Noida West. The project, featuring 726 units over 5.5 acres, is set for delivery by 2028. Early sales success highlights strong demand for premium residential properties.
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Mon, Sep 16, 2024
The Economic Times
Tech picks: CEAT, DLF among 5 stocks to buy for returns up to 20% in short term
Domestic markets surged last week, hitting record highs. With the US Fed meeting ahead, analysts recommend five stocks for short-term gains: CEAT, DLF, Oberoi Realty, Amber Enterprises, and Gujarat Alkalies. These stocks show potential breakouts and bullish momentum based on technical analysis.
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Mon, Sep 16, 2024
The Economic Times
AIFs drive Indian realty investments, set for continued growth
Alternative Investment Funds (AIFs) are reshaping India's real estate sector by injecting significant capital into residential, commercial, and logistics segments. Since January 2021, AIFs have announced plans to raise over $8.2 billion, with $5.3 billion already secured. This influx of capital is expected to drive sustained growth and innovation in the market.
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Sun, Sep 15, 2024
Business Standard
Gaurs Group to invest Rs 1,600 crore to build luxury flats in Ghaziabad
Realty firm Gaurs Group will invest around Rs 1,600 crore to develop a new luxury housing project in Ghaziabad, Uttar Pradesh, as part of its plan to expand business amid strong demand. The company has already launched and sold all 1,216 apartments in this project 'Gaur NYC Residences', which is spread over 12-acre land in Ghaziabad. "We have sold the entire 1,200 units within three days of launch. The total sales value we generated was Rs 3,100 crore," Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said. Gaur, who is also Chairman of realtors apex body CREDAI, highlighted that there was a huge demand for this project and the company received more than 3000 expressions of interest from customers who wanted to purchase. "For transparency, we allotted the flats through lottery conducted live on YouTube platform," Gaur said. When asked about project cost, he said the total investment will be around Rs 1,600 crore and out of that Rs 1,200 crore would be on pure constructi
The Economic Times
Gaurs Group to invest Rs 1,600 cr to build luxury flats in Ghaziabad
Realty firm Gaurs Group is set to invest around Rs 1,600 crore in a new luxury housing project in Ghaziabad, Uttar Pradesh. The project, 'Gaur NYC Residences', has already sold all 1,216 apartments within three days of its launch. The company attributes the strong demand to its credibility and track record in the Delhi-NCR region.
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Sun, Sep 15, 2024
Business Standard
Arkade Developers raises Rs 122 cr from anchor investors ahead of IPO
Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors ahead of its initial public offering. On Tuesday, the company had fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will open for public subscription on September 16 and conclude on September 19. According to a regulatory filing, the company has issued 95,62,500 shares to anchor investors at Rs 128 per share, aggregating to Rs 122.40 crore. These investors include BNP Paribas Financial Markets -- ODI, Societe Generale-ODI and Saint Capital Fund. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. Proceeds from the issue will be used for development of the company's ongoing as well as upcoming projects, funding acquisition of future real estate projects and general corporate purposes. Arkade Developers is a fast-growing real estate development company with a significant presence i
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Fri, Sep 13, 2024
Business Standard
Benchmarks end slightly lower; NSE VIX drops below 13 mark
The domestic equity barometers ended with minor losses on Friday. The benchmark Nifty 50 index closed below the 25,400 mark. FMCG and oil & gas sectors faced selling pressure, while realty, media, and PSU bank stocks gained ground. Global equity markets remained largely positive, buoyed by US macroeconomic data suggesting that inflation may be under control. However, weaker-than-expected US labor market data tempered some of this optimism. Domestic sentiment was supported by daily FII inflows and a decline in US 10-year Treasury yields.
The Economic Times
Stock market update: Nifty Realty index advances 1.73%
The Nifty Realty index closed 1.73 per cent up at 1053.65.
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Fri, Sep 13, 2024
Business Standard
Quick Wrap: Nifty Realty Index records a surge of 1.73%
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Fri, Sep 13, 2024