Real estate developer Godrej Properties Limited (GPL) announced key financial updates for Q4 and FY23 on April 10, 2023. The company recorded sales bookings of Rs 4,051 crore in Q3 FY23 and its booking value for the full financial year grew by 56% to Rs 12,232 crore. GPL sales volumes for the quarter grew by 19% QoQ from 4.42 msf in Q3 FY23 to 5.25 msf in Q4 FY23. The sales volume for the...
Ajmera Realty & Infra India Limited (ARIIL) announced its operating numbers for Q4 FY23 and Q4 FY23 on April 10, 2023. The real estate company recorded a sales value of Rs 834 crore in FY23, registering a YoY growth of 93%. The sales value for Q4 FY23 was Rs 140 crore, showing a growth of 10% over the sales value of Rs 128 crore in Q3 FY23. ARIIL witnessed a sales volume of 3,70,219 sq ft in...
Strong growth in EV sales, Ola Electric leadsEV sales in India are on the rise and FY2023 has registered historic results for the segment in India. The segment has registered cumulative sales 7,20,733 units in FY2023. In comparison, in FY2022, OEMs managed to sell 2,52,539 units. A major part of this growth, almost 80 per cent, has been contributed by just six manufacturers! The top six manufacturers...
According to the financial results announced for Q3FY23, real estate developer Purvankara Limited has recorded the highest ever sales value of Rs 796 crore for the third quarter of any financial year since inception. The area sold by the developer during Q3FY23 was 1.02 msft (3% YoY). The sale value was Rs 796 crore (+20% YoY), while the sale realization was Rs 7,767 per sq ft (+15% YoY). The net...
Various factors might have led to value appreciation for India's housing market, but the sector achieved impressive levels of growth in 2022 amid a change in buyer outlook towards immovable assets in the post-pandemic era, says the Economic Survey 2022-23. According to the Survey, tabled by Finance Minister Nirmala Sitharaman on January 31, 2023, the sector has witnessed resilient growth in the current...