Builder IPOs Soar as Rate Hike Fears Cloud India's Real Estate Outlook

Builder confidence is sky-high. Pranav Constructions made a spectacular market debut, listing at a 33% premium on the BSE/NSE after its IPO was oversubscribed a staggering 126.34 times. This ravenous appetite signals that investors see deep value in India's construction sector, betting on sustained housing demand. The momentum continues on the ground, with Embassy Developments launching an ₹4,500 crore residential township in North Bengaluru, offering **2.6...