2 weeks Ago By Anushi Vakharia
Most of the real estate majors met their guidance for financial year 2025, despite the fourth quarter being a mixed bag in terms of sales bookings.Prestige Estates Projects Ltd., whose stock has been on investor's radar given its overall weak performance in terms of bookings due to delays in project approvals, made a strong recovery in the March quarter.
The company announced a series of residential launches during the quarter, with a cumulative gross development value of Rs 1.61 lakh crore.Signatureglobal (India) Ltd.
reported a 61% year-on-year dip in its fourth quarter bookings due to some delay in approvals of March launches. Both pre-sales and collections to an extent have also consequently been pushed out to this quarter.Oberoi Realty Ltd.
continued to underperform pre-sales expectation for a second straight quarter on lack of new launches. The company expects only sustenance sales during the quarter. The management believes it was focused on the launch of its Sky City Mall project during this period.
However, the company anticipates a spike in launches between second and third quarters of the current financial year, with ongoing preparations for various projects underway.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.
data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.
contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.
style.height=d}}}))}();FY25 Guidance Met Despite Slower LaunchesDespite an overall slowdown in bookings in fiscal 2025 on approval-related issues leading to a subsequent impact on the pre-sales and collections, companies like Macrotech Developers Ltd. and Godrej Properties Ltd.
continued to post robust bookings, beating their yearly guidance.Meanwhile, Aditya Birla Real Estate, which reported a 100% year-onyear growth in the quarter, was under radar on whether it would be able to achieve its fiscal 2025 guidance. In the first nine months of this fiscal, the company's pre-sales stood at Rs 2,349 crore, leaving 66% of its guided level of bookings for fiscal 2025 to be achieved in the fourth quarter.
In the March quarter, the company launched five projects across its key markets of Delhi-NCR, and Bengaluru and forayed into the Pune region. The company was able to beat its fiscal 2025 guidance by the launch of Birla Arika, Gurugram (phase 1), which achieved a booking value of around Rs 3,100 crore.!function(){"use strict";window.
addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.
data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.
data["datawrapper-height"][t]+"px";r.style.height=d}}}))}();Robust Demand For Commercial Real Estate, Vacancy Rates At Lowest: Awfis Space MDMeanwhile, on the other side, Sobha Ltd.
and Prestige Estates were unable to fulfill the guidance given at the start of fiscal 2025.Prestige Estates witnessed a 19% decline in sales bookings, reflecting the impact of deferred launches amid approval delays. The company missed its guidance of Rs 24,500 crore.
Sobha also fell short of its revised pre-sales guidance of Rs 8,500 crore.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.
data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.
contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.
style.height=d}}}))}();Reddit User Says Unable To Buy 3BHK In Gurugram With Rs 1.8 Crore Budget; Sparks Debate On Real Estate Prices.
Read more on Real Estate by NDTV Profit..
