Quote on Residential Real Estate Sector by Pankaj Kumar, VP- Analyst, Kotak Securities
![](https://portfolio.investmentguruindia.com/uploads/news/Pankaj Kumar, VP- Analyst, Kotak Securities.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Residential Real Estate Sector by Pankaj Kumar, VP- Analyst, Kotak Securities
The residential real estate sector continues to scale new high in FY24 with all-India residential sales rising to a lifetime high of 1.1 bn sq. ft (up 20% yoy). Strong sales volume along with healthy price rise of 11% yoy and aggressive inventory liquidation led to inventory levels going down to just 1.3 years of annual sales. We expect the sales momentum to continue in FY25E given inventory levels at multiyear low and new launches are continuing to garner strong demand. Valuations for most of the residential real estate stocks stand at 7-12X adjusted EV/EBITDA (on FY26E pre sales), which is in the higher end of their past trading range, reflecting the strong underlying business performance and changing investor interest. Developers continue to guide for double-digit growth, aided by industry growth and market share gains. We remain constructive on the sector owing to the strong operational performance by the players. We prefer DLF, Brigade and Signature Global.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Hero Motocorp Ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TVS Motor Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dr Lal Pathlabs ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sapphire Foods india Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HG Infra Engineering Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Russia30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Equity6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Swiggy30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Transport Corporation of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Repco Home Finance.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Gauri Tandle, CFO, Ashwin Sheth Group.jpg)
Navigating the Financial Markets in the Current Scenario by Gauri Tandle, CFO, Ashwin Sheth ...
![Experts View on Mumbai Trans Harbour Link, a game changer for real estate by Mr. Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd](https://portfolio.investmentguruindia.com/uploads/news/Real Estate.jpg)
![Quote on Real Estate Industry`s Expectations from the New Government by Mr Amit Goyal, Managing Director, India Sotheby`s International Realty](https://portfolio.investmentguruindia.com/uploads/news/Amit Goyal.jpg)
![Experts Views on Union Government has approval of new EV policy to boost manufacturing by Ashish Bagadia, Partner, Corporate Finance and Investment Banking, BDO India](https://portfolio.investmentguruindia.com/uploads/news/Ashish Bagadia.jpg)