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HSBC Warns Of Potential Peak In India’s Residential Real Estate Market

HSBC has reduced its target prices for several developers, including Godrej Properties, Oberoi Realty, Prestige Estates, and Sobha Developers.

<div class="paragraphs"><p>The NSE Realty has fallen 23% year-to-date, significantly underperforming the Nifty 50, which has declined by 6.6%. (Image source: Pexels)</p></div>
The NSE Realty has fallen 23% year-to-date, significantly underperforming the Nifty 50, which has declined by 6.6%. (Image source: Pexels)
HSBC has cautioned that India’s residential real estate market may be approaching its peak, leading to reduced target prices for key developers.The NSE Realty has fallen 23% year-to-date, significantly underperforming the Nifty 50, which has declined by 6.6%. This underperformance is attributed to macroeconomic concerns and the risk of developers missing their sales guidance. Delayed project launches and mixed performance during the ...
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