The fundraising comes amid a 46% surge in DB Realty's stock price since the beginning of the year, reaching ₹267.70, and a fourfold increase over the past 12 months
In an exchange filing, DLF highlighted the robust demand across its projects in Gurugram, which were completely sold out
The acquired land has a potential saleable area of around 1.5 million square feet for residential development
The company's net profit fell by 70% on a QoQ basis.
The issue committee of its board of directors approved the launch of the issue for bids on July 27.
These two projects are located in the exclusive Golf Course Road micro-market.
The company aspires to expand the portfolio by at least 1 million square feet.
Recently, Prestige Estate also announced that it is planning a $195 million housing project in Noida.
Godrej Properties saw a commendable increase in net profit for the fiscal year 2022-2023, rising to Rs 571.39 crore.
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