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Overseas Realty kicks off FY24 with Rs 1 83 b pre-tax profit

Mason s Crest work resumes near Blue Ridge Parkway

Mason’s Crest, a housing development begun in 2005 and slowed by the Great Recession, is commencing work on its fourth phase.

How NRIs helping elevate India s realty play

According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country s biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% of total sales.

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