Office space sharing company Awfis, which went public last month, reported a net profit of ₹1.3 crore for the January-March quarter, a significant turnaround from a ₹13.8 crore loss in the same period last year.

HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.

In the three months ending December 2021, Macrotech Developers recorded a 24% rise in consolidated net profit to Rs 286.38 crore. According to a regulatory filing, the real estate development company's net profit in the prior year was Rs 231.71 crore.