The Nifty Realty index has declined 2% on Friday as selling pressure was seen in Indiabulls Real Estate, DLF, Oberoi Realty, Sunteck Realty, and Sobha. Shares of Indiabulls Real Estate and DLF, which declined 4% each, were leading the index’s fall. Shares of Oberoi Realty and SunTeck Realty also contributed to the fall, declining 3% each. Shares of Sobha dropped 1%. However, shares of Brigade and Phoenix cushioned the Read More

The Nifty Realty declined 2% led by heavy selling pressure in Indiabulls Real Estate, Sobha, Oberoi Realty, Sunteck Realty, and Prestige Estate. Shares of Indiabulls Real Estate and Sobha, which declined 6% and 5%, respectively, were leading the index’s fall. Shares of Oberoi Realty and Sunteck Realty also contributed to the fall, slipping 4% each. Shares of Prestige Estate, Brigade Enterprises, and DLF also dropped 1% each. Shares Read More

In 2016-17, Oberoi Realty generated a revenue of Rs320 crore from its leased commercial assets, accounting for about 27% of its overall revenue. Mumbai: Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years from its existing and upcoming commercial portfolio, a top executive said. The company, India’s second largest builder by market Read More