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.
Motilal Oswal Report
Despite the recent run-up in real estate stock prices, we remain positive on select companies, which can continue to report 15-20% growth, driven by their ability to sign new projects through their strong cash generation potential.
On the commercial side, the near-term growth outlook remains subdued, but the underperformance in real estate investment trust stocks provide a good opportunity to play commercial growth traction.
Prestige Estate Projects Ltd., Godrej Properties Ltd. and Macrotech Developers Ltd. remain our top picks.
Real estate consulting firm CBRE released its Mid-year Outlook 2023 report titled ‘Indian Real Estate: Taking Giant Strides' at a conference hosted by CII-CBRE on September 27, 2023 in Delhi. The conference also involved interesting panel discussions with industry experts from across the asset classes. Key takeaways:
strong demand momentum in residential housing should continue for at least two to three years on the back of peaking mortgage rates, strong economic growth and rising prices; however, developers need to be cautious on pricing and financial closure;
commercial demand has a long way to go but growth recovery will be delayed in near term;
emerging asset classes like data centers, organised industrial warehouses and flexible spaces will continue to witness increasing penetration.
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