Nirmal Bang: Realty Sector - Weakness In Residential Market To Persist; Prices To Remain Weak

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We interacted with Mr. Abhishek Kiran Gupta, the Managing Director and owner of CRE Matrix.Given below are the insights given by him for residential, commercial and retail segments of the real estate industry.Residential segment – strong pick-up in demand as per registration data, with September 2020 registrations at 85% of pre-Covid-19 registration run-rate.He expects sales during the upcoming Diwali festival season continuing until Q1 CY21 to be higher than the pre-Covid-19 sales due to lowered duties and discounts given by the developers.Commercial segment (office) – Mr Gupta sees visible impact of the Covid-19 outbreak on the commercial segment, with absorption averaging approximately 25-26 million square feet in CY20 as against 45 million square feet in CY19.Retail segment – Massive renegotiations have taken place between the retailers and mall owners post June 2020. This segment will be the last to recover in the real estate space..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nirmal Bang: Realty Sector - Weakness In Residential Market To Persist; Prices To Remain Weak

Nirmal Bang: Realty Sector - Weakness In Residential Market To Persist; Prices To Remain Weak

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