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ICICI Direct Report
In Q4 FY21, we expect strong revenue growth for construction companies driven by a benign base and pick-up in execution.
For real estate companies, key highlight will be continued robust residential sales volumes growth led by factors such as pent up demand, benign interest rates and measures such as a cut in stamp duty in Maharashtra.
On the leasing front, new leasing activity is likely to remain on the back burner with continued work from home scenario.
The hospitality and retail segment is likely to show a marked improvement in Q4, albeit the second wave of Covid-19 implies weakness may persist in the subsequent quarter.
On the execution front, we expect construction companies to witness robust growth.
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