Real estate stocks of Mumbai-based companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high… Continue reading Mumbai realty firm stocks may climb wall of worry, one valuation at a time
Tag: realty
Realty stocks enter next leg of upside post hitting new peaks
Nifty Realty Index has scaled a new historic peak in this week, prompting a fresh upside in the forthcoming weeks. The index had gained close to 10 per cent in the July month, and 31 per cent so far in the on-going year. On Wednesday, despite domestic market trading with a cut close… Continue reading Realty stocks enter next leg of upside post hitting new peaks
Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty
The Peerless Group on Monday announced ambitious plans to invest over Rs 1,000 crore in capital expenditure over the next three years, a major portion of which will be channelled into the development of hospital and real estate projects. In the financial year 2022-23, the Peerless Group reported a revenue of Rs 635… Continue reading Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty