New Delhi, Feb. 24 -- Residential real estate companies are amping up for the next leg of growth by strengthening their financial positions. To meet expansion needs, many listed grade A realtors are garnering funds.
Lately, the qualified institutional placement (QIP) route has emerged as the most preferred choice among developers. For instance, Godrej Properties Ltd raised about Rs.6,000 crore through the QIP route, followed by Prestige Estates Projects Ltd ( Rs.5,000 crore), Macrotech Developers Ltd ( Rs.3,300 crore) and Brigade Enterprises Ltd ( Rs.1,500 crore).
In fact, the real estate sector contributed 16% to the overall QIP fundraising in 2024 compared to nil in 2023, according to recent research conducted by Anarock Property Cons...
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