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Developers Raise INR 12,801 Cr in 9M2024 Via QIP Route
B/w Jan.-Sept. 2024, Qualified Institutional Placements (QIP) issuance across all sectors scaled a record high of INR 75,923 Cr, with real estate comprising a 17% share – 2nd highest after renewable energy 6 developers collectively raised INR 5,275 Cr via IPOs since 2021; Macrotech (Lodha) alone raised nearly INR 2,500 Cr Enhanced financial strength boosts developers’ launch rate – approx. 13.62 lakh units launched in top 7 cities b/w 2021 to 9M 2024 Robust sales…
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