India, Aug. 3 -- Mumbai's luxury and ultra-luxury housing segment has continued to see resilient demand even as broader residential sales growth has moderated, with redevelopment-led supply in western suburb micro-markets like Juhu and Andheri commanding premium pricing. Against this backdrop, Sri Lotus Developers' sharp pre-sales acceleration signals continued strength in this narrower, higher-margin segment of the Mumbai market.

Sri Lotus Developers and Realty shares were trading at Rs. 201.22, up 0.55 per cent in afternoon trade on Monday. The stock touched an intraday high of Rs. 207.50 after opening at the same level before slipping to a low of Rs. 196.65. The company commanded a market capitalisation of approximately Rs. 9,834 cror...