Stock market listed real estate companies have registered a strong growth in sales.
Real estate in NCR region has been facing tough times for last few quarters. But, the recent news suggest that unsold inventory levels have reduced in many pockets in NCR.
As much as USD 3.6 bn was equity funding - comprising nearly 95% overall share - while the remaining 5% was via structured debt.
IRCTC IPO has become the best performing IPO in the last three years as the railways operator listed on stock markets at INR 685.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
Collectively, NCR saw new supply of 5,790 units in Q3 2019 as against 4,200 units a year ago and nearly 13,570 units in the preceding quarter of Q2 2019. If we break it city-wise:
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