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Maharashtra election win boosts real estate stocks and Nifty Realty index

BJP's decisive victory in Maharashtra has sparked a surge in real estate stocks, with the Nifty Realty index rising over 3%. Key players like Godrej Properties, DLF, and Prestige Estates saw gains of 1-7%, driven by optimism for renewed infrastructure focus in the state after years of political instability. Analysts believe this consolidation in governance will enhance sentiment and accelerate stalled development projects.

Brigade Hotel Ventures seeks 900 crore through initial public offering

Brigade Hotel Ventures Ltd, a wholly-owned subsidiary of Brigade Enterprises Ltd, has filed draft papers with Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO will consist entirely of a fresh issue of equity shares, with proceeds allocated for debt repayment, acquisitions, and general corporate purposes. Notably, Rs 107.52 crore will be used to purchase land from its promoter, Brigade Enterprises Ltd.
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