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ICICI Direct Report
In Q3 FY21, we expect construction companies to return to topline growth driven by near optimum labour availability, pick-up in execution.
For real estate companies, key highlight will be strong residential sales volumes growth led by factors like pent up demand, benign interest rates, measures like stamp duty cut in Maharashtra.
However, financial numbers of real estate companies will look optically weak due to rental waiver in retail segment, sub-optimal hospitality portfolio, albeit QoQ growth will be robust.
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