Operating sales in Mumbai and London were weaker by 20 per cent and 50 per cent, respectively.
Mumbai-based real estate firm Lodha Developers plans a public issue by the year-end to raise between Rs 2,000 and 2,500 crore (Rs 20 to Rs 25 billion), according to sources.
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
50% of south-central Mumbai's high-end apartments remain unsold. The reasons include rocketing prices and a demand-supply mismatch. Of the unsold stock in south-central Mumbai, 38 per cent comprise units sized above 2,000 sq ft carpet area - too high for even wealthy Mumbaikars.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
Fitch on Monday said the likely upturn in the country's investment climate and reduction in interest rates will improve the property market by the end of March 2016.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
