BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Along expected lines, Prestige Estate Projects Ltd. has seen Q2 FY22 gross residential bookings rising 88% YoY in value terms to Rs 21.1 billion (our estimate of Rs 20 billion) on the back of Rs 8.5 billion of sales from the Great Acres plotted development in the Prestige City, Bengaluru project.
With a strong pipeline of launches of 10 million square feet in H2 FY22, this momentum in residential sales is expected to sustain heading into the festive season.
Prestige Estate is gearing up to launch three new projects in Mumbai across six million square feet in Mulund, Byculla and Bandra and the success of these launches is key to the company achieving its vision of Rs 100 billion of annual sales bookings by FY24-25E.
Click on the attachment to read the full report:
DISCLAIMER
This 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 author entity 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
