Headroom for home prices to rise in the near term, says Godrej Properties CEO
Mumbai: There is headroom for home prices to rise in the near term, but forecasting for a longer term would be difficult, said Gaurav Pandey, Chief Executive Officer and Managing Director, Godrej Properties.

The evolution of premium housing market in Tier-2 cities
India, the fastest-growing major economy, is on track to becoming a $5.0 trillion economy by FY2026-27. To achieve this ambitious goal, a significant shift in focus is underway. While tier-1 cities remain important, the focus is gradually shifting to the upcoming urban centres.

Q4 Results Preview: Pre-sales to moderate on new launch delays, says Motilal; picks Prestige Estates, Sobha, Godrej Prop
In its Q4 result preview analysis on the real estate sector, domestic brokerage Motilal Oswal Financial Services stated that the realty companies within its coverage universe anticipate reporting pre-sales of ₹25,000 crore in Q4FY24, up 4% YoY but down 11% QoQ. It indicates that pre-sales are probably going to reduce because there aren't many launches, according to the brokerage house. 

‘There is an opportunity to increase prices in some markets’
Godrej Properties (GPL) announced on Tuesday that its sales bookings surged by an impressive 135%, reaching over Rs 9,500 crore in Q4FY24. This marks the company’s highest-ever quarterly sales. During an interaction with reporters at the launch of the National Talent Forum for Women, an initiative spearheaded by GPL, Guarav Pandey, MD & CEO, discussed the company’s ongoing operations and future plans.

Signature Global net debt up 6% in FY24 to Rs 1,160 cr on land acquisitions

According to the latest operational update, the company's net debt stood at Rs 1,160 crore at the end of 2023-24 fiscal, as compared to Rs 1,090 crore in FY23.

Suraj Estate resolves dispute, unlocks ₹575 crore in development
Suraj Estate Developers Limited’s shares were up 2.63% after the company settled a legal dispute with OLV & OLPS Society. The company reported, it finalised consent terms for the development of a property in Mahim, Mumbai, which includes a payment of approximately ₹47 crore to the landowner and additional flats to the society. This settlement allows Suraj Estate Developers ltd to utilise a built-up area of approximately 10,813.63 square meters for sale, with a Gross Development Value (GDV) of around ₹350 crores.

Highway construction up 20% on year in FY24
Highway construction in the just-concluded financial year (FY24) touched 12349 km clocking the second best performance ever, but fell short of the ‘aspirational target’ of 13814 km, a senior official said Tuesday.

Pamban Railway Bridge: India’s first vertical lift bridge over sea in Rameswaram faces ‘curve’ test
The forthcoming Pamban railway bridge, India’s first vertical-lift bridge linking the nation’s mainland with the island of Rameswaram, has a sharp curve that presents a difficulty to the railways besides its technical peculiarity and a rough sea. The Rail Vikas Nigam Limited (RVNL), which is constructing this 2.08-km-long bridge, is facing a challenge in moving a lift span, which is 72.5-m-long, 16-m-wide and weighs 550 tonne, from the Rameshwaram end to 450 m in the sea to fix it to the bridge.