Real Estate
HSBC Sees 26% Profit Drop to $15.8B Due to China and Real Estate Challenges
HSBC Holdings reports a 26% decline in profit, largely due to losses in China and deteriorating real estate conditions in Hong Kong. CEO Georges Elhedery outlines strategic shifts to navigate the tough economic landscape.
Real Estate Mumbai
Chalet Hotels Sees Revenue Surge but Profit Declines in FY25
Chalet Hotels Limited, a prominent hotel chain backed by K Raheja Corp, reported a 21.3% revenue increase in FY25. However, the company's profit took a hit due to higher expenses and tax adjustments. Key properties include the JW Marriott Mumbai and The Westin Mumbai.
Real Estate Mumbai
Godrej Properties Reports 19% Profit Drop in Q4 to Rs 382 Crore; Eyes Rs 2000 Crore Capital Raise
Godrej Properties, one of India's leading real estate developers, reported a 19% decline in profit for the quarter ending March 2023. The company is now planning to raise up to Rs 2000 crore to boost its future projects.
real estate news
Oberoi Realty Sees Profit Slump Despite Strong Luxury Real Estate Demand
Despite a robust demand in the luxury real estate sector, Oberoi Realty reports a significant drop in its Q4 PAT, raising concerns among investors.
Real Estate
Oberoi Realty Q4 Profit Declines 45% Amid Lower Income
Mumbai-based Oberoi Realty, a prominent real estate developer, saw its Q4 profit drop by 45% due to a decrease in income. Despite this, the company's total income rose to Rs 5,474.17 crore from Rs 4,818.77 crore.
Real Estate
Aditya Birla Real Estate Sees Profit Decline Amid Stock Performance Fluctuations
Amid concerns about debt servicing and high valuation, Aditya Birla Real Estate Ltd, a prominent player in the diversified real estate market, is facing a decline in profits.