Praxis Home Retail received 99.99% shareholder approval to waive ₹88.07 crore in related-party debt, achieving debt-free status for this liability from FY 2025-26 onwards as part of its financial restructuring strategy.

Major Indian real estate developers are experiencing severe cash flow pressures despite improved profitability, as the housing market enters its mid-cycle phase, according to Nuvama Institutional Equities analysis.

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