The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter
DLF said it has clocked sales worth approximately Rs 1500 crore for towers in the first phase of the newly launched luxury residential project, ONE Midtown in West Delhi
The Nifty Realty index can rally towards 525-level.
Sharp rally in stocks, however, captures near term upsides, say analysts
DLF, Godrej Properties and Oberoi Realty have rallied between 30 per cent and 41 per cent in the past four trading days
Most stocks in the real estate segment are set to add more gains in the coming sessions
Demand expected to pick up; deleveraging, consolidation are key triggers
India's property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis and a surprise 2016 cash ban hurt demand
Early this week, ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, launched a fund with a corpus of Rs 1,000 crore
Mahindra Lifespace, Suntech Realty, Godrej Properties, Oberoi Realty, Prestige Estate and DLF were up between 3% and 11% on the BSE
Weakening financial profile of tenants, particularly of highly impacted sectors, such as multiplexes, food courts and restaurants, due to localized restrictions is expected to hit mall operators, says
FMCG, real estate, IT report positive flows
Unsold housing inventories in primary markets across eight major cities fell marginally by 2 per cent at 7.05 lakh units during January-March as compared to the previous quarter
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Corporate parks, commercial complexes in Haryana, Maharashtra find takers
Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.
Falling operating cash flows could make it difficult to meet return on equity target, say analysts
The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities