SALES PROJECTION
Home Shopping Spree offering minimum 40% off in Amazon Sale 2024
The Amazon Sale 2024 brings you a Home Shopping Spree with irresistible discounts of minimum 40% off across various categories. Whether you're looking to upgrade your bedroom with cozy furnishings, enhance your living room with stylish decor, or equip your fitness regime with state-of-the-art equipment, this sale has something for everyone. From bathroom essentials to outdoor garden decor and DIY tools, seize this opportunity to transform your spaces at unbeatable prices.
Footfalls at auto dealers fall in June, so do RTO registrations
Vehicle registrations rose 0.73% to 1,895,552 units, with two-wheelers up 4.7%, three-wheelers 5.1%, passenger vehicles down 6.8%, and commercial vehicles falling 4.7%. Heatwaves, deferred purchases, and kharif crop delays impacted sales. Rural market share for two-wheelers fell to 58.6%. Dealers expect increased sales with improved supply and product launches despite high inventory and election slowdowns.
Auto sales muted as extreme heatwave cools demand in July
Vehicle registrations in June were nearly flat, up just 0.73% from the previous year, with 1,895,552 units registered. Extreme heatwaves and delayed monsoons dampened retail sales, notably impacting two-wheelers and passenger vehicles. Despite optimistic forecasts for the monsoon season, the auto industry faces challenges, including high inventory levels and subdued market sentiment.
Housing sale in tier 2 cities increases by 11% Y-o-Y
As per the data, the sales of housing units in India’s 30 major tier II cities stood at 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year.
India's auto retail sales register 0.73% annual growth in June on the back of prolonged heatwave
India's auto retail sales saw a 0.73 per cent annual growth in June, largely due to delayed monsoons in certain regions. The two-wheeler and three-wheeler segments saw positive YoY growth of 4.66 per cent and 5.1%, respectively. However, passenger vehicles, tractors, and commercial vehicles sales declined 6.7%, 28.3%, and 4.7%, respectively.
Ganga Realty to invest Rs 1,200 cr to develop luxury housing project in Gurugram
Ganga Realty's luxury housing project in Gurugram, with units starting at Rs 16,500 per sq ft, is located on Dwarka Expressway and Sohna Road. The company aims to deliver the Anantam project within the next five years, emphasizing sustainable living and the integration of smart technologies.
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Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
Signature Global reports Rs 2,700 crore sale from Gurgaon project
Realty developer Signature Global has reported Rs 2,700 crore in sales from its Titanium SPR project in Sector 71, Gurugram. The property offers premium residential units and have garnered overwhelming interest, showcasing the company's commitment to quality and setting a new benchmark in the region's premium housing segment. The project, spanning 14.382 acres, has achieved remarkable sales through a digital process overseen by the Boston Consulting Group.
Indie Brands Pop-up Sale: Up to 50% off on T-shirts, kurtas and more
Discover unique fashion finds at the Indie Brands Pop-up Sale, featuring exclusive deals on men's, women's, and kids' clothing. Shop a diverse range of trendy, high-quality apparel from independent brands, all at unbeatable prices. Whether you're looking for stylish outfits, cosy loungewear, or chic accessories, this limited-time event has something for everyone. Don't miss out on the chance to elevate your wardrobe with one-of-a-kind pieces. Join us and support Indie brands while scoring fantastic deals on your favourite clothing items.
SBI raises Rs 10,000 cr via bond sales to fund infra projects
Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to raise up to ₹3,000 crore through 10-year securities, debt capital market sources said. SBI's infrastructure bonds, which mature in 15 years, bear a coupon - or rate of interest to be paid to investors - of 7.36%.
Properties worth Rs 1.17 lk cr sold by 18 listed realty firms in FY24; Godrej properties at top
Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.
AU Real Estate to invest Rs 600 crore in luxury residential project in Ghaziabad
AU Real Estate will invest Rs 600 crore in "The Sunflower," a luxury residential project in Aditya World City, Ghaziabad. The project will feature five towers with 30 floors each, offering a total of 595 units spread over 6.94 acres. The property will have 3 and 4 BHK apartments ranging from 2700 to 4000 square feet. It will also include a 70,000 sq ft lobby area in each tower. The company plans to fund the project through sales receivable and internal funds, capitalising on the post Covid surge in residential real estate demand.
Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore
Prestige Estates Projects Ltd has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period.
Best is yet to come; for current year, looking at 25% growth over last year: Irfan Razack, Prestige Group
Irfan Razack, CMD of Prestige Group, outlines the company's strong sales performance, future launch plans, and expansion strategies in Bangalore and other cities, emphasizing growth projections in various sectors by 2028. In Delhi NCR, Prestige is launching projects in Indirapuram, Noida and KG Marg. However, because of the election, code of conduct has kicked in and things have been at a standstill in the last few months.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
Puravankara Q4 Results: Loss narrows to Rs 7 crore YoY; revenue shoots up 112% YoY
The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.
Godrej Properties sold homes worth Rs 2,000 crore in Noida project
Sector 146 is a prominent upcoming residential corridor in Noida. The area provides good connectivity to the upcoming Jewar Airport, as well as to the metro station, Noida- Greater Noida Expressway and Yamuna Expressway.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
Godrej Properties acquires 10 land parcels in FY24 to build Rs 21,000 crore worth projects
Godrej Properties acquired 10 land parcels worth over Rs 21,000 crore last fiscal to build projects. The company aims to buy more parcels generating Rs 20,000 crore sales bookings this fiscal. It plans to launch projects worth Rs 30,000 crore to achieve 20% growth in sales. Quarterly profits rose by 14%.
Signature Global to launch projects worth Rs 16,000 crore in FY25: Chairman Pradeep Kumar Aggarwal
Realty developer Signature Global aims for Rs 10,000 crore pre-sales in FY25 and to be debt-free by 2026. The company reported 112% growth in pre-sales to Rs 7,720 crore for FY24, exceeding guidance. With launches worth Rs 16,000 crore planned for the fiscal, they are actively seeking acquisitions and expanding their portfolio.
ArisUnitern enters into a development management agreement with Essem 18’s Real Estate Portfolio
ArisUnitern, which is one of the pioneers in development management model, has secured eight projects in the last one-year, recorded sales exceeding Rs 300 crore within the last six months and raised over 300 crores across 7 deals and supplied materials worth Rs. 150 Crores to these clients. This reflects the mushrooming of the demand for specialised service providers in the real estate industry.
Buyers want bigger, better homes and are willing to pay for them: Aakash Ohri, Joint managing director, DLF Home Developers
DLF plans to launch 90% of its 11.6 million sq ft projects in FY25 in the super luxury segment, with a revenue potential of Rs 36,000 crore. Concerns arise over projects selling out rapidly, but DLF assures low cancellation rates and high end-user demand. DLF emphasizes timely delivery and a cautious business approach amidst cyclical market trends.
DLF to develop Rs 25,000 crore luxury housing project in Gurugram
DLF Ltd is set to develop a luxurious housing project in Gurugram with over 400 apartments, aiming for an estimated revenue of Rs 25,000 crore. The project, spread across 17 acres in DLF Phase-5, will offer apartments ranging from 9,500 to 15,000 square feet. Featuring top-notch amenities and lush landscaping, the project targets high-end buyers. DLF plans to sell the units in phases, ensuring quality and pricing control. The company's strong financial performance reflects the robust demand for luxury housing in India.
Macrotech Developers to invest Rs 3,500-4,000 cr this fiscal to acquire land parcels
Realty firm Macrotech Developers Ltd plans to invest Rs 3,500-4,000 crore this fiscal to acquire land for housing projects and capitalize on the increasing demand for residential properties. The company aims for a 60:40 mix of owned land and joint development agreements, with a target of 10,000 apartment deliveries this year.
Not in 'rat race' to be top builder in terms of sale bookings, says Macrotech Developers MD
When asked about the reason for setting a conservative sale bookings guidance considering that few players posted more than Rs 20,000 crore pre-sales in FY24 itself, Lodha told PTI, "We are not in any rat race and neither our shareholders are bothered about any such rat race." "We want to achieve consistent growth. Consistent growth and predictable growth with low leverage is very important and that is our business model," he said.
Godrej Properties cuts net debt by 10% in Q4 on strong cash flow: Pirojsha Godrej
Godrej Properties reported a 10% reduction in its net debt in the latest March quarter to nearly Rs 6,200 crore, attributed to strong sales and customer fund collections. Executive Chairperson Pirojsha Godrej highlighted a reduction of Rs 700 crore in net debt during Q4, despite ongoing land acquisitions for future development.
Voltas Q4 Results: Net down 22% YoY at Rs 110.64 crore
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses.
Arvind SmartSpaces reports highest-ever sales at Rs 1,107 crore in FY24
Arvind SmartSpaces reported its highest-ever sales at Rs 1,107 crore in 2023-24, up 38% from the previous year. The company's net profit increased 62% to Rs 41.6 crore, while revenue from operations grew 33% to Rs 341 crore. The company acquired new projects with a topline potential of Rs 4,150 crore, and is set to deepen its presence in Gujarat, Bengaluru, and Maharashtra. Demand optimism in residential markets is expected to continue in the medium term.
Max Estates projects FY25 pre-sale proceeds to more than double
Pre-sale refers to the sale of properties before they are constructed, a common practice in the real estate sector. The company is on track to launch the National Capital Region’s first intergenerational residential community in the July-September quarter of 2024, with a revenue potential of Rs 4,000 crore.
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