DLF s net consolidated total income stood at Rs 1,476.42 crore in Q2 FY24, a growth of 8.52 per cent from Rs 1,360.50 crore it recorded in the similar quarter last year.
Real estate experts say that the margins, high sales and redevelopment opportunities in Mumbai make India’s financial capital an attractive market for realtors.
Nuvama does not see any material impact of the block deal in the near term in the MSCI. In a note, the brokerage further said that the promoter stake sale could slightly result in a weight-up in the next few days in the FTSE index, potentially resulting in an inflow of $5.5mn and 0.9 million shares getting added to the said index.