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Mercury Ev-Tech shares rose 8.5% to ₹35.55 amid a market uptick, with FIIs increasing holdings. The company reported Q3 FY26 net sales of ₹25.29 crore and net profit of ₹0.89 crore, and nine-month FY26 net sales of ₹81.86 crore with ₹4.22 crore profit. The stock shows long-term growth potential despite near-term weakness.
Chennai led the premium housing market (properties over ₹1 crore) in 2025 with a 31% year-on-year supply growth, bucking a national sales decline, as reported by JLL. The city recorded 14,837 premium unit sales amid a shift toward high-end apartments driven by GCC expansion, manufacturing growth, NRI demand, and upper-middle-class wealth creation.
India’s top seven cities saw a notable drop in housing sales in 2025, with 3.95 lakh units sold versus 4.59 lakh in 2024, despite RBI’s 1.25% repo rate cut. Property prices rose 8% to ₹9,260/sqft, led by Delhi-NCR’s 23% surge. New launches dipped slightly to 4.19 lakh units. If sales continue falling in 2026, experts warn of increased rental demand for existing properties, potentially driving up r
