India Real Estate – Residential Segment Set For An Upcycle: ICICI Securities

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.

Heading into the festive season in India in H2 FY22, listed developers have lined up a number of launches across tier I cities.

Low mortgage rates, stable property prices and robust hiring outlook for IT/information technology enabled services and financial services, especially in South India and continued work-from-home is expected to support residential housing demand.

While we are believers in an upcycle for the residential sector, we are of the view that a sustained single digit sales price compound annual growth rate is beneficial for all stakeholders rather than a super cycle similar to FY03-07 where prices went up by three to four times in a short period.

We estimate that the pan-Indian residential market share for our coverage universe will grow from 25% in FY21 to 29% in FY24E.

Click on the attachment to read the full report:

ICICI Securities Real Estate Sector Update.pdf


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.

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button