Real Estate Sector

The company will issue 13.3 lakh convertible warrants to Ramesh Sawalram Saraogi at a price of ₹750 per warrant.

On August 9, Godrej Properties was the top bidder for two land parcels in Greater Noida, totalling ₹842 Crore.

The company introduced Godrej Tropical Isle with a booking value of ₹2,050 Crore, followed by Godrej Jardinia within three quarters.

Furthermore, Blackstone has agreed to a voluntary lock-in for the remaining 6.3% ownership for a period of nine months.

EBITDA increased by 51.2% to ₹796.3 crore in the first quarter of this fiscal year, up from ₹526.7 crore in the same period last year.

In the June quarter, RITES' net profit fell 24.4% to ₹90.4 Crore. The company generated a net profit of ₹119.6 Crore in the previous year.

DLF saw a 214% year-on-year increase in new sales bookings to ₹6,404 Crore. The company achieved a solid operating cash flow of ₹1,849 Crore.

Birla Estates and Barmalt India agreed to form a joint venture (JV) in June of this year to construct a 13.27-acre land parcel for a luxury residential group housing project in Gurugram's sector 31.

In addition to its success in Mumbai, Mahindra Lifespaces has purchased a premium 2.37-acre land piece in Singasandra, South Bengaluru.

Godrej Properties has a seven-month project inventory and plans to launch projects worth ₹30,000 Crore in its core regions this fiscal year.