A repo rate cut is one of the quickest ways to soften the cost of borrowing. For homebuyers, this translates into lower EMIs, especially because most home loans today are linked to external benchmark rates that transmit policy changes faster than earlier systems. If banks pass on the full 25 bps cut, borrowers can expect a meaningful drop in monthly EMIs, improving affordability across segments.

Lower EMIs Can Revive Demand — Especially in Affordable & Mid-Income Housing

Real estate experts view this decision as well-timed and transformational.

Shishir Baijal – Knight Frank India

“We welcome the RBI’s positive move to cut rates by 25 bps, as it signals growing confidence that inflation will remain low on a durable basis. The reduction in borrowing costs should offer timely relief to the real estate sector… We hope this will be instrumental in boosting affordable and mid-income housing sales, which have been witnessing a sequential decline over the past few quarters.”

Baijal’s point about sequential declines is critical—end-user demand in these segments had begun softening as property prices rose across major markets.

Price-Rise Pressure Meets a Rate-Cut Cushion

According to ANAROCK Research, average housing prices across India’s top 7 cities jumped nearly 10% in 2025. For many buyers, this created a affordability mismatch—even if incomes were rising.

Anuj Puri – ANAROCK Group

“The RBI’s decision to cut the repo rate by 25 bps is a distinct positive… this move further sweetens the value proposition for homebuyers, particularly in the affordable and mid-income segments which are highly sensitive to interest rate fluctuations.”

“This rate cut provides a critical cushion to affordability… encouraging aspiring homebuyers who had paused their decisions due to price hikes to finally take the plunge.”

Puri also highlights a crucial factor: swift transmission.

“If banks swiftly pass on this rate cut to borrowers, we anticipate a renewed surge in sales velocity carrying firmly into Q1 2026.”

Luxury housing is expected to stay strong irrespective of the rate cut, but the biggest boost will likely come from fence-sitters in the mid and affordable categories.

Developers See This as a Sentiment Lifter for Both Buyers & Builders

Manju Yagnik – Nahar Group / NAREDCO Maharashtra

“A 25 basis point rate cut at this stage will meaningfully support homebuyer sentiment and improve affordability across categories. Demand has remained resilient despite elevated prices, and a reduction in borrowing costs will give fence sitters the confidence to move ahead with their purchase decisions.”

Yagnik adds that developers too gain from a softer rate environment, especially with persistent inflationary pressures in construction materials.

“The real estate sector has been navigating higher input costs… so a softer rate environment will ease financial pressure for both buyers and developers.”

Rupee Depreciation Adds Another Layer to the Demand Story

Dharmendra Raichura – Ashar Group

“The rate cut to 5.25% gives an immediate boost to affordability for home-buyers… At the same time, the depreciation of the rupee makes imported building materials costlier — a challenge for developers’ margins.”

Interestingly, this same rupee weakness creates a positive effect too:

“For NRIs… the weaker rupee makes Indian real estate more attractive and affordable, balancing demand dynamics.”

Developers who manage cost inflation well stand to gain from increased NRI participation and a broader buyer base.

A Macroeconomic Signal of Confidence — With Direct EMI Relief

Dr. Samantak Das – JLL India

“The RBI’s decision to cut the repo rate by 25 bps is a powerful, proactive signal that strategically leverages India’s macroeconomic strength — a robust 8.2% Q2 GDP expansion alongside record-low inflation.”

Das stresses that this is not a reactive move but a strategic push to make growth more inclusive.

“For the residential sector, this is a direct boost to affordability… Given the high penetration of external benchmark-linked loans, the transmission to homebuyers is expected to be quick, providing tangible EMI relief.”

He also notes that India saw price resistance in the affordable and mid-segment categories this year, with projected residential sales 8–9% lower than last year in the top cities.

The repo cut, therefore, is seen as a catalyst:

“This move… will activate the crucial segment of first-time affordable and mid-market homebuyers who have been waiting on the sidelines.”

Das expects demand revival not just in metros but across India’s Tier 2 and Tier 3 cities as well.

What This Means for You: Lower EMIs, Higher Eligibility

If banks pass on the full 25 bps cut:

• Your home loan EMI will reduce across floating-rate loans.
• Loan eligibility increases because your EMI-to-income ratio improves.
• First-time buyers in mid-income segments will find it easier to enter the market.
• Developers get relief through better sales momentum and sentiment stability.

This rate cut has arrived at a moment when the market needed a confidence push—and it may very well carry the housing sector with stronger momentum into 2026.

Also Read: RBI Repo Rate Hike May impact Home buyer sentiments

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Strategic Location and Connectivity

Located in Ulwe, Navi Mumbai, the NMIA is strategically positioned to alleviate congestion at the existing Chhatrapati Shivaji Maharaj International Airport. The airport’s design incorporates multimodal connectivity, including road, rail, and metro links, ensuring seamless access for passengers and enhancing the region’s accessibility.

Economic and Urban Impact

The establishment of NMIA is expected to stimulate economic growth by attracting investments, boosting tourism, and creating employment opportunities. The surrounding areas, particularly the Panvel-Ulwe corridor, are anticipated to experience significant development across various asset classes, including residential, commercial, and industrial sectors.

Expert Insights

Karan Singh Sodi, Senior Managing Director (Mumbai MMR & Gujarat) and Head-Alternatives, India, JLL, emphasized the transformative potential of the NMIA:

“With the impending launch of the world-class Navi Mumbai International Airport, the city is poised to further elevate its status as a premier global metropolitan destination. This transformative project is a testament to the visionary efforts of both the central and state governments, whose commitment to integrated infrastructure—encompassing rail, road, and metro connectivity—has unlocked unprecedented avenues for growth across all segments. The seamless last-mile connectivity and strategic positioning of the airport are setting new benchmarks for urban development, economic opportunity, and global connectivity, reaffirming Navi Mumbai’s emergence on the world stage. With the launch of this airport, the entire Panvel-Ulwe corridor is expected to grow significantly across multiple asset classes.”

Inauguration Details

The NMIA is scheduled for inauguration on October 8, 2025, with Prime Minister Narendra Modi set to officiate the ceremony. The airport’s phased operational commencement is expected to begin by December 2025, with full-scale operations anticipated in the following year.

Conclusion

The NMIA stands as a testament to India’s commitment to enhancing infrastructure and connectivity. Its development is poised to significantly impact regional growth, positioning Navi Mumbai as a key player in the global urban landscape.

Also Read: CIDCO clears entire Navi Mumbai International Airport site

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The Indian retail market reported very strong leasing activity across the country’s top seven cities (Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune and Hyderabad) during the first nine months (January to September) of 2024, according to JLL India. Despite limited new retail space additions of just over 1 million sq. ft, the market demonstrated remarkable resilience, with gross leasing reaching an impressive 5.3 million sq. ft.

Bengaluru, Delhi NCR, and Mumbai emerged as the frontrunners, collectively accounting for 59% of the total leasing activity. This concentration of demand in major metropolitan areas underscores the continued appeal of prime retail locations to retailers.

Source: JLL Research and Retail

Note: Gross leasing included real estate space leased in major retail developments* and key high streets. The data pertains to top 7 cities (Delhi NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, and Pune)

*Retail developments include Grade A and Grade B centres with presence of prominent retailers (both national and global brands). Numbers have been rounded up and may not add up to 100%.

“Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities witnessed robust retail gross leasing activity totalling 5.3 million sq. ft in the nine-month period of 2024, underscoring retailers’ strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by Food & Beverage and Entertainment at 18% and 12% respectively,” said Dr. Samantak Das, Chief Economist and Head of Research & REIS, India, JLL

Note: Entertainment includes multiplexes and Family Entertainment Centres (FECs);

Others include banks, automobile showrooms, lifestyle stores etc.

Source: JLL Research and Retail

India remains a key market for global brands

“Luxury and Bridge-to-Luxury retail maintained its momentum, with high-end brands securing 0.15 million sq. ft of space in first 9 months of 2024. Majority of this leasing happened in Delhi NCR and Mumbai with a combined share of 76%. This continued interest from luxury retailers’ signals growing trend towards premiumization and confidence in the spending power of Indian consumers. Additionally, the country saw entry of 20 new international retailers in first nine months of 2024. More than half of these brands chose Delhi NCR to open their first stores in the country. With the influx of quality retail supply and growing demand, international retailers are keen on setting foot in India” said Rahul Arora, Head – Office Leasing & Retail Services, and Senior Managing Director – Karnataka, Kerala, India, JLL

Additionally, domestic retailers dominated the gross leasing with a 78% share, leasing over 4 million sqft in first 9 months of 2024. Direct-to-Consumer (D2C) brands are also increasingly leasing spaces in physical retail destinations and had a share of about 7% in total gross leasing. Malls are increasingly becoming popular destinations for India’s D2C brands seeking to strengthen their connection with consumers through experiential retail.

International retailers also showed strong interest in the Indian market, leasing over 1 million sq ft across the top seven cities. European, Middle Eastern, and African (EMEA) brands led this segment with a 56% share, followed by American retailers at 23%.

Looking ahead, JLL projects that retail leasing across the top 7 cities will exceed 6.5 – 7 million sq. ft by the end of the year, signalling continued growth and optimism in India’s retail sector.

Also Read: Retail Expansion in Tier II and III Indian Cities Set to Exceed 25 Million Sq. Ft. by 2029

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JLL has been instrumental throughout the process, providing advisory services that included detailed analyses of the catchment area, zoning regulations, tenant mix, and leasing strategies. They have managed the mall’s leasing and served as the exclusive marketing team for the property’s sale.

Hubli, part of the Hubballi-Dharwad Municipal Corporation, has been recognized as one of the 100 smart cities by the Ministry of Urban Development. As the commercial hub of North Karnataka, it attracts a daily floating population exceeding one lakh.

Rahul Arora, Head of Office Leasing & Retail Services and Senior Managing Director for Karnataka, Kerala, India at JLL, stated, “This transaction, involving a 6.5 lakh square feet property, marks a significant milestone in the real estate landscape of Tier II cities in India. The entry of a prestigious developer like Inorbit Malls into Hubli emphasizes the increasing appeal of these markets for large-scale real estate investments and high-quality retail spaces.”

Scheduled to launch by the end of this year, the Akshay Sky Mall aims to revolutionize the retail experience in Hubli, introducing top national and global brands to the city. Arora added, “This development not only boosts the local economy but also sets a benchmark for future projects in similar markets. We take pride in our team’s expertise and dedication in achieving this milestone and look forward to the positive impacts of this transaction on the region.”

Strategically located on Gokul Main Road, the Akshay Sky Mall is easily accessible within Hubli, the second-largest city in Karnataka, with a population of approximately one-and-a-half million. The mall also draws from the tertiary catchment area, including Dharwad city.

Suresh Shejwadkar, Managing Director of Suresh Enterprises Pvt Ltd, expressed his excitement over the successful transaction: “We are thrilled to hand over the Akshay Mall project to Inorbit Malls. This project, nurtured from its inception, is set to become a landmark in Hubli and enhance the city’s commercial landscape. We are proud to partner with Inorbit Malls, one of India’s leading shopping mall developers. This development will transform retail in Hubli and set new standards for future projects.”

With 50% of the catchment population aged between 15-45 years, Hubli-Dharwad’s young and aspirational demographic presents a prime opportunity for the mall to cater to the preferences of a significant segment of the population.

This deal not only signifies the largest shopping mall in the area but also stands as one of the most substantial real estate transactions in terms of value, further elevating Hubli’s real estate market and underscoring the city’s growth potential.

Also Read: Top Malls in India Revealed

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The new development, named The Ivy League House, is a purpose-built hostel located on Gulmohar Road, Juhu-Vile Parle. The facility features 325 beds within a 100,000 square feet built-up area, marking it as one of the largest and most upscale student housing projects in the area. The project aims to address the growing demand for high-quality, safe, and affordable living spaces for female students near prominent educational institutions such as NMIMS and Mithibai College.

Jaikishan Challa, Founder & CEO of CLSPL, highlighted the significance of the deal, stating, “The Ivy League House, Juhu-Vile Parle, epitomizes our dedication to providing exceptional student housing. This landmark deal represents a new era of off-campus living, setting a benchmark not only in JVPD, Vile Parle but across the nation.”

The facility is designed to overcome common challenges faced by female students in securing comfortable and secure accommodation. Ramesh Chheda, Managing Trustee of BNMV Trust, expressed pride in the project, noting, “Our hostel will provide an outstanding living experience in a safe and empowering environment for female students pursuing their academic goals. We are grateful to JLL for their role in connecting us with Curated Living Solutions Pvt Ltd, whose expertise will ensure the successful operation of the hostel.”

Karan Singh Sodi, Senior Managing Director – Mumbai MMR & Gujarat, and Head – Alternatives, India at JLL, remarked, “This deal represents a turning point for off-campus student housing. The increasing migration of students to cities like Mumbai for higher education highlights the urgent need for sustainable living solutions. Projects like The Ivy League House are crucial in meeting this demand.”

The student housing market is experiencing significant growth, with a current deficit of over 7 million beds and student enrolments expected to surpass 70 million. As the share of migrant students is projected to exceed 40%, the sector faces a potential shortfall of nearly 20 million beds. Post-pandemic rental rates have been rising steadily at an annual growth rate of 10-15%, reflecting a growing interest from both domestic and international investors.

This deal underscores a positive outlook for the sector, indicating robust potential and a strong growth trajectory for student housing in India.

Also Read: Offices in Mumbai can save ₹175 cr power bills annually by switching to greener air conditioning: JLL

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The event will be honored by the presence of notable dignitaries, including Maharashtra’s Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, and Housing Minister Atul Save. This third edition of the forum is set to be a major highlight, offering a platform for discussing the latest trends and opportunities in the real estate sector.

Prashant Sharma, President of NAREDCO Maharashtra, expressed his excitement about the forum, emphasizing its importance in shaping the industry’s future. He noted that the event aims to address critical challenges and opportunities, including advocating for policy changes to support the real estate sector.

Dr. Samantak Das, Chief Economist and Head of Research and REIS at JLL India, highlighted Mumbai’s potential for growth, citing the completion of major infrastructure projects and the upcoming Navi Mumbai Airport as key drivers. He projected that Mumbai’s residential sales value will exceed INR 1.35 lakh crore in 2024, with a growth rate of around 6.8% annually, reaching over INR 2 lakh crore by 2030.

The forum will feature keynote speeches, panel discussions, and workshops on a variety of topics such as government policies affecting real estate, the diverse residential market, redevelopment challenges, real estate financing trends, and proposed amendments to RERA 2.0.

Participants will engage in sessions covering:

• Government Policies Driving Real Estate: MahaUrban Revolution@2047
• Opportunities Beyond Residential Real Estate
• Diversity in India’s Residential Market
• Challenges and Opportunities in Mumbai’s Redevelopment
• Trends in Real Estate Financing
• Amendments Needed in RERA 2.0

Recent reforms and initiatives have revitalized the Indian housing market, leading to record home sales and increased home ownership. Developers are calling for further reforms to enhance transparency and streamline the buying process.

The Real Estate Forum 2024 promises to be a pivotal event, offering a comprehensive platform for industry leaders to discuss and influence the future of the residential sector and beyond.

Also Read: Pune Real Estate Market Sees 50% Surge in Registered Transactions; Average Home Sales Value Hits Record

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Total net absorption for top seven cities as per asset completion timeline

Source: JLL Research

*Top seven cities include Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai, Pune and Kolkata

Tech occupiers and Global Capability Centres (GCCs) flock to futuristic, modern assets

The South Indian cities, Bengaluru, Hyderabad, Chennai, as well as Pune are the tech and GCC hubs of the country, accounting for ~84% of all GCC leasing activity since 2021. The preference for modern assets is even more pronounced here as we have witnessed vacating of close to ~4.5 million sq. ft of space in buildings completed prior to 2016, considered as old assets.

On the other hand, there has been a total net absorption of ~70 million sq. ft in projects completed since 2021, clearly outlining how more modern assets are being preferred by global occupiers as a part of their real estate strategy. This is evident given that such assets provide the right mix of amenities and drivers to create a holistic workplace environment for employees as firms look to ramp up office occupancies.

Total net absorption for four cities as per asset completion timeline

Source: JLL Research

**Four tech cities include Bengaluru, Chennai, Hyderabad, and Pune

Green-rated Buildings: A game-changer but not solely defining

“The great push towards sustainable real estate has been quite evident in the past 3-4 years, driven in large part by the active occupiers in the country. This is visible in the fact that of the 164.3 million sq. ft completed since 2021, 71% was green certified upon project delivery. Resultantly, India has seen its share of green-certified office stock in overall Grade A stock rise substantially from just 39% in 2021 to 56% in March 2024.  What is more interesting is that, of the 94.3 million sq. ft net absorption recorded in buildings completed since 2021, 3/4th was recorded in such green-rated projects,” said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

The preference becomes even more evident given that green-rated buildings with completion dates of 2017-2020 also accounted for a 70% share of net absorption seen in buildings within this age group.

Completion timeline-wise total net absorption in green-certified buildings

“Green ratings are not the only factor in occupier decision-making. Building quality and finishes, amenities etc. are equally relevant. Older buildings despite being green-rated have shown occupier exits between 2021-March 2024 signaling that while being a critical factor, green ratings may not be the single determining factor. Building upgrades and futureproofing are key drivers to keep a building relevant for occupiers, which include factors around sustainability as well as overall project upkeep and amenities upgradation,” said Rahul Arora, Head – Office Leasing & Retail Services, India and Senior Managing Director – Karnataka, Kerala, JLL

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The Data Centre (DC) industry in India is set to witness remarkable growth, with projections of adding 791 MW capacity by 2026. This expansion will drive a demand for 10 million sq. ft. of real estate space, attracting investments worth USD 5.7 billion. The surge is primarily fuelled by the increasing adoption of Artificial Intelligence (AI). As usage of AI gains pace, the demand for Indian DCs is expected to be in the range of 650-800 MW during 2024-26.

Source: JLL Research

The exponential growth in computing power and the resulting new applications are expected to drive strong demand for DC industry over the medium term.

Cloud Service Providers (CSPs), who essentially offer IT infrastructure systems primarily for data storage and computing power accessible through the Internet, have realigned their requirements to factor in AI-led demand. The CSPs have also announced higher investments to scale up AI-led growth.

“The exponential growth in processing power and data volumes, driven by AI, necessitates the development of new data centres capable of meeting energy, processing, and cooling needs. The anticipated expansion and progression of diverse AI disciplines are projected to create additional demand for data centres, expanding their capacity requirements and advancing their capabilities” said Rachit Mohan, APAC Lead – Data Centre Leasing and Head – Data Centre Advisory, India, JLL.

Improved absorption during H2 2023 (July-Dec 2023)

During the second half of 2023, there was a 12% increase in absorption to 81 MW compared to 72 MW during the same period last year. This growth can be attributed to CSPs gaining momentum after a brief hiatus during the first half of 2023. In Mumbai, absorption nearly doubled during this period as CSPs renewed their pace of absorption.

“India is poised to be the third-largest economy, with a projected USD 5 trillion GDP by 2027 with digital economy contribution of around 20 per cent. This digital expansion is anticipated to propel the growth of India’s data centre industry, projected to increase from 853 MW in 2023 to 1,645 MW by 2026. This increase in capacity will require an investment of USD 5.7 billion and approximately 10 million square feet of real estate,” said Dr. Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.

There was a lower supply addition of 75 MW during H2 2023 as the available supply from the first half was utilised to meet the demand, resulting in tighter vacancy levels of 5.5%.

Source: JLL Research

India’s focus on AI is evident through the India AI mission, aimed at fostering innovation, upskilling the workforce, and ensuring responsible and ethical deployment of AI technology. With a large user market, talented workforce, and thriving startup ecosystem, India presents a significant opportunity to emerge as a global data hub, driven by sustainable practices. The country’s DC sector expanded from 350 MW in 2019 to 854 MW in 2023, in line with the increasing digital usage trends.

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JLL India, the country’s largest consultancy firm today released its latest report titled ‘Hotel Investment Trends – India 2023,‘ highlighting the growth and positive start of the first quarter (Jan-March) of 2024 in the hospitality sector. The report mentions that the first quarter of 2024 witnessed a significant 80% Year-on-Year increase in hotel transaction volumes, reaching USD 78 million.

The sector has been witnessing good surge since last calendar year (2023). A record number of hotel signings and openings took place in 2023, with 25,176 keys signed and 12,647 keys opened. There is an increasing interest in hotel development activity in Tier-2 cities, with 54% of the total signings taking place in these locations.

In 2023, Hotel Investments in India touched USD 401 million which was nearly four-fold the volumes witnessed in 2022. 25% of the overall value of transactions involved under-construction hotels in both business and leisure destinations. 2023 also achieved a significant milestone of 22 hotel transactions, which is the largest number of assets traded in the last decade. It also saw three hotel companies successfully debuting on the stock market through their Initial Public Offerings (IPOs). There were greenfield projects, totaling approximately 13,600 keys in 2023, surpassed the figure from the previous year (8,000 keys), showcasing the enduring confidence of hotel developers in the long-term growth potential of the sector. Furthermore, the report notes, the emergence of tourism and leisure destinations as centers for Meetings, Incentives, Conferences, and Exhibitions (MICE) activities, with the signing of three large-format hotels with a total of approximately 900 keys.

“The year 2023 has been a record year not only in terms of hotel investments but also in terms of new branded hotel openings and signings. Furthermore, 2024 has started with strong tail winds as we saw prominent hotel deals early on in this year. The enthusiasm of the sector is further strengthened by performance of hotel stocks, which also gave confidence to a couple more hotel companies entering public markets and achieving strong valuations. We expect this story to continue in 2024 on back of diversified avenues of growth such as expanding commercial office markets and with development of infrastructure such as new airports, expressways, increasing pilgrimage travel leading to the emergence of new realty & tourism hotspots across the country”, stated Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.

Key highlights of the report are as below:

• High Net Worth Individuals (HNIs) and Institutional Capital played a major role in hotel investments activity during 2023, accounting for the largest share at 31%. 
• Real estate developers accounted for 27% of investments, followed by owner-operators at 11%.
• The upper upscale segment saw the highest number of keys changing hands, followed by the upscale, luxury, and midscale segments.
• There were five transactions facilitated through the insolvency resolution process under the National Company Law Tribunal (NCLT), representing 33% of the total value of transactions in 2023, which amounts to USD 133 million.

While management contracts continue to dominate the majority of signings, representing 78% of the total number of keys, there has been a notable increase in lease and revenue share models across different tiers, comprising 4% of the total keys signed. The robust performance of the commercial sector has directly benefited major urban centers, as Tier 1 cities experienced the highest number of keys signed since 2020, with a notable increase of 31% as compared to 2022.

Also Read: India’s hospitality sector witnessed 15.8% year-on-year RevPAR growth in Q4, 2023

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The transaction, valued at INR 53.39 crores (exclusive of GST), marks a strategic move by DFPCL to divest  its non-core asset. As a trusted advisor, JLL won an exclusive mandate to facilitate the transaction on behalf of DFPCL.

Speaking of the development, Nishant Kabra, Head, Capital Markets (West & North India), JLL India said, “After conducting an extensive marketing campaign and employing a bid process, the winner was chosen. Each bid was evaluated, considering multiple criteria and as well as financial discipline of prospects. This meticulous evaluation process ensured that the selection was done after a lot of careful consideration. This successful divestment yet again exemplifies our expertise in facilitating asset sales for publicly listed corporations. Furthermore, it signifies our continued dominance in the Navi Mumbai market, as this marks our second successful trade in CIDCO within a short period.”

Located in Navi Mumbai, Vashi is a prominent and well-designed city developed by CIDCO Maharashtra. It boasts excellent infrastructure and connectivity with wide roads, ample parking, and strong public transportation. Vashi is a thriving commercial hub and offers diverse residential options including high-rises, gated communities, and standalone houses. This area holds historical importance as one of the earliest developed regions in Navi Mumbai.

Commenting on the development, Deepak Rastogi, President and Chief Financial Officer of DFPCL, said, “This divestment fully aligns with DFPCL’s strategy of focusing on its chemical and fertilizer businesses while selectively monetizing non-core assets. In this regard, we have successfully divested our non-core assets located in Navi Mumbai, admeasuring 2,160 square meters. JLL India facilitated the closure of the transaction with M/s. Future Realty. We remain committed to investing strategically in building our manufacturing capabilities along with maintaining an accommodating capital structure. Our Mining Chemicals, Industrial Chemicals and Fertilisers businesses are aligned with India growth story and DFPCL is well positioned to benefit from long term supply and demand industry dynamics”.

Also Read: Offices in Mumbai can save ₹175 cr power bills annually by switching to greener air conditioning: JLL

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