Key Points
BENGALURU, Nov 7 (Reuters) - India's Prestige Estates Projects (PREG.NS) reported a more than six-fold jump in second-quarter profit on Tuesday, aided by a buoyant housing demand...
The real estate developer's consolidated net profit rose to 8.51 billion Indian rupees ($102.22 million) in the quarter ended Sept. 30, from 1.41 billion rupees reported a year earlier...
It launched five residential projects in the quarter, with sales surging 102% year-on-year to 70.93 billion rupees during the quarter...
Peers Godrej Properties (GODR.NS) and DLF (DLF.NS) reported higher quarterly profits for the period, while Sobha (SOBH.NS) reported a decline in profit as higher expenses offset strong demand for luxury apartments...
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