Mahindra Lifespaces, Sumitomo Corp extend industrial clusters partnership
Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has extended its partnership with Japanβs Sumitomo Corporation for the second phase of their joint industrial parks project in Tamil Nadu.The company, through its subsidiary Mahindra World City Developers (MWCDL), has entered into a supplemental agreement that involves an…
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Nifty Realty down 7% from peak. Can property stocks buck sectoral churning to remain on top?
One of top performing sectors for more than a year, realty, is off its high point. Nifty Realty index, which represents a pack of top 10 real estate stocks, has declined 7% over the last three months, thanks to the election season which has slowed project approvals and launches. As markets are on a lookout…
READ MOREproperty prices: Housing sales across Indiaβs top 7 cities expected to witness double digit growth in FY25
MUMBAI: The residential sales across Indiaβs top seven cities are expected to witness double digit growth in 2024-25. The area sold in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Kolkata, Chennai is likely to increase 10-12% to 785-800 million sq ft in the current financial year, on a high base of…
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