Markets
Results, deals and the listed real estate companies.
Demand for offices is shifting from third-party IT firms to global capability centres, and listed office REITs are reporting higher occupancy.
Anand Rathi's target of ₹1,345 rests on a Worli-led portfolio, but its forecast shows a sharp fall in sales this year as the Niyaara Tower C launch moves to FY28.
The brokerage's call follows a quarter in which Phoenix Mills' retail consumption rose 25%, though owner-level profit grew more slowly.
The meetings follow a 13.25% rise in second-quarter profit and come before the formal launch of its Gurugram luxury project.
Full use of the October 2024 issue is confirmed, but a frozen monitoring account and forfeited warrants leave investors with open questions about funds.
Sales and collections grew sharply for the Mumbai developer, but thinner margins cut its profit, and the margin trend is now the key question for investors.
The upgrade and the ₹1,300 crore Sector 78 deal come after first-quarter revenue fell sharply from the previous quarter.
The sites are long-term options under a 2035-36 plan, and the company has spent about ₹800 crore on land so far this year.
Collections and profit also grew, but margins eased in the July–September quarter, and the company's full-year target now depends on its second-half launches.
The fall followed a grade cut to Sell and a chart-based warning, even as the developer reported 48% higher H1 pre-sales.
Sales value rose faster than the number of homes sold in July-September, and the brokerage expects launches to pick up from the December quarter.
The Mumbai developer's stock rose sharply before its board approved quarterly results that carry a qualified audit opinion.
The developer says government levies, land costs and inflation are pushing homes below ₹50 lakh beyond reach, a view that bears on how listed developers plan their product mix.
The affordable housing lender's loan book growth and steady margins matter for investors tracking the listed housing finance sector.
The developer says 65–70% of its ongoing projects are sold, and it is 75% through a ₹169 crore buyback, with a ₹5,000 crore pre-sales target for FY27 and FY28.
Quarterly revenue fell about 45% and the company swung to a loss, while pre-sales dipped 5% in the quarter.
The deal moves the Byculla project from a shared arrangement to full ownership, and the price is split between cash and bank guarantees.
The redesign adds about ₹1,900 crore of net development value to the Worli land parcel, but it moves Tower C bookings into FY28.
Three Sixty North in Gurugram made up most of the quarter's pre-sales, while reported revenue and profit fell.
The developer's chairperson targets about ₹40,000 crore of revenue by March 2028, even as quarterly profit fell 62%.
The state-owned company's e-auction sale funds government redevelopment work, and bids ran well above the reserve price.
Revenue grew while margins narrowed, so profit fell for the quarter and the half-year, and the company's borrowings remain high.
The allotment is small, but it is the latest in a run of employee option issues that has steadily raised the company's share count in 2026.
The Byculla deal would lift Marathon's holding in the project from 40% to 100%, with completion expected within two months of approvals.
The launches are planned across Mumbai, Delhi-NCR and Bengaluru, but the company's existing projects carry RERA cases and land disputes.
The promoter-group allotment converts the last of the 3.25 crore warrants, leaving no warrants outstanding ahead of quarterly results on 3 November.
A pharma company's ₹236 crore purchase of a Juhu duplex adds a high-value benchmark to Mumbai's luxury market, as Lodha reports strong quarterly profit growth.
The land buy supports a ₹15,000 crore sales-potential plan, and its funding and cash-flow test will decide whether it holds up.
Stronger bookings and profit growth give Lodha a firmer base for its ₹24,000 crore sales target, though its launch pipeline must now convert.
The move gives a senior projects executive a wider remit at the Gurugram developer, at a time when its quarterly sales bookings have been uneven.