BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Oberoi Realty Ltd.'s presales of Rs 4.8 billion was aided by Sky City (Borivali) accounting for 44% followed by Mulund / Goregaon at 30% / 25% respectively.
No show in 360 west is set to reverse with Oberoi Realty guiding to have closed five transactions following the quarter. Average selling price in Mulund / Goregaon increased 5-15% QoQ while Borivali flat QoQ.
Improved visibility on new launches –
Kolshet – three towers planned and Larsen and Toubro Ltd. has been appointed as the principal contractor.
Pokhran – three towers to be launched in the first phase but work on five towers to commence simultaneously. Contractor is near finalisation as the project launch is set to precede Kolshet. Notably a three-BHK show flat is ready and marketing is expected to start in September – aiming for festival launch.
On business development, the developer indicated that it has undertaken redevelopment projects in Mumbai while the Gurgaon land deal is in closing stages.
We note that ready inventory stands at ~Rs 90 billion; positioning the developer to accelerate new BD activity with limited toll on balance sheet. Notably ND / E declined 3% QoQ to 22%.
Reiterate 'Buy' –
deep micro market strategy (tapping across price points) in Thane set to aid market share gains,
sizeable ready inventory setting stage for accelerating BD activity and
growing annuity business.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
