06-03-2021 03:13 PM | Source: Angel Broking Ltd
Real-estate stock buzzing in the market By Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Real-estate stock buzzing in the market by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

S&P BSE REALTY up by 4.2% during the day, Majorly Maharashtra based real-estate players are doing very well today. PHOENIXLTD up by 8.2%, OBEROIRLTY up by 7.8%. We have seen a very strong pre-sales growth in Q4FY21 by almost all the companies, along with this collection during the quarter was very good. Real-estate market seeing a shift from unorganized market to organized market as several unorganized players face the liquidity issues and lost customer faith as project keeps on delaying.  On commercial side we thing pain is still left as work from home still continues and commercial real-estate companies facing challenges on making the new deals along with this most of the mall are closed due to covid 2nd wave lockdown. On residential side situation are improving as on some of the construction side work has started again. We expect 2nd half of 20221will going to be very strong for real-estate companies. We have a positive outlook for Godrej Properties and Brigade Enterprises.

 

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