Ruia said MAIA Estates has already raised over Rs 1,200 crore from investors, which will be deployed for the new developments. Remainder of the funds will come from sales to customers and construction finance on the residential side of business
So far in this calendar year, shares of Oberoi Realty have risen about 1% compared to a 2% decline in the Nifty Realty index. The firm s relatively higher exposure to luxury housing segment, which is often less impacted by increasing home loan rates, is considered a supporting factor for the stock
Gaurav Pandey, MD & CEO of Godrej Properties said that this will be their first luxury development in the city, and the developer will aim to build an outstanding residential community that creates long-term value for its residents.