Real Estate Q4 Results Preview - Strong Demand Aiding Presales Momentum: HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.We continue to witness strong demand undercurrent with real estate developers reporting record presales during Q4 FY24 either sustenance/new launch driven: Sobha Ltd. (Rs 15 billion, growth of 3% YoY), Prestige Estate Projects Ltd. (Rs 47 billion, growth of 21% YoY), Macrotech Developers Ltd. (Rs 42.1 billion, growth of 39% YoY), and Godrej Properties Ltd. (Rs 95 billionn, growth of 135% YoY). We expect this momentum to continue in Q1 FY25 as multiple new launches are planned by developers. Within micro-markets, we expect the consolidation story to continue in the top six cities with strong volume/muted price-driven growth in Bengaluru, Mumbai Metropolitan Region and Pune, while National Capital Region growth will be driven largely by higher price appreciation in the luxury segment. Also, with the pick-up in launches and more supply, the average price realisation is expected to be muted, in line with inflation..Click on the attachment to read the full report:.Building Materials Q4 Results Preview - Moderate Performance Continue: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Real Estate Q4 Results Preview - Strong Demand Aiding Presales Momentum: HDFC Securities

Return-to-office has picked pace; physical occupancies ramping up, while mall retail consumption shows growth challenges

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Real Estate Q4 Results Preview - Strong Demand Aiding Presales Momentum: HDFC Securities

Return-to-office has picked pace; physical occupancies ramping up, while mall retail consumption shows growth challenges

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