{"id":4221,"date":"2024-10-03T15:53:43","date_gmt":"2024-10-03T10:23:43","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4221"},"modified":"2024-10-03T15:53:45","modified_gmt":"2024-10-03T10:23:45","slug":"realty-stocks-drop-as-dlf-sobha-fall-amid-market-weakness-and-mumbai-property-slump","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/realty-stocks-drop-as-dlf-sobha-fall-amid-market-weakness-and-mumbai-property-slump\/","title":{"rendered":"Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump"},"content":{"rendered":"\n<p>Shares of real estate firms such as DLF, Sobha, Godrej Properties, and Lodha fell by up to 6 percent on October 3, driven by overall market weakness and a slump in the Mumbai property market. The drop follows a 15 percent year-on-year decline in Mumbai housing unit registrations in September, impacted by the inauspicious Shraadh period and expectations of a stamp duty reduction.<\/p>\n\n\n\n<p>The total value of registered units fell 22 percent year-on-year to Rs 14,600 crore. However, year-to-date, Mumbai has seen a 12 percent increase in unit registrations and a 6 percent growth in sales value at Rs 1.5 lakh crore.<\/p>\n\n\n\n<p>Despite the current slump, analysts at Nuvama still stay optimistic as sales could rebound together with strong launches and possible rate cuts that would be beneficial to Mumbai-focused developers like Lodha, Oberoi Realty, and Godrej Properties. Key reasons include powerful business objectives, better cash flow, and rising home-buying on the back of rising wages and improved employment.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:&nbsp;<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/earnings\/bse-market-capitalisation-sensex-record-high-12820632.html\" target=\"_blank\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of real estate firms such as DLF, Sobha, Godrej Properties, and Lodha fell by up to 6 percent on October 3, driven by overall market weakness and a slump in the Mumbai property market. The drop follows a 15 percent year-on-year decline in Mumbai housing unit registrations in September, impacted by the inauspicious Shraadh [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[449],"class_list":["post-4221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-realty-stocks-drop"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4221"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4221\/revisions"}],"predecessor-version":[{"id":4223,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4221\/revisions\/4223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4222"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}