BMC's water restrictions have led to selling pressure on real estate stocks, including Macrotech and Oberoi Realty. The measures aim to conserve water amid low reservoir levels, causing concerns about delays and disruptions in construction projects across Mumbai.
Mumbai's civic body, BMC, has imposed water restrictions on construction projects to conserve water amidst low reservoir levels. This measure has led to significant selling pressure on real estate stocks, including Macrotech Developers and Oberoi Realty, which saw declines of up…
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