Brokerage firm Antique expects sluggish real estate sales bookings in Q3FY25 for Aditya Birla Real Estate, Prestige Estates, Sobha, Sunteck Realty and Kolte-Patil Developers due to limited or no new project launches. .
On the contrary, strong performance is expected from Godrej Properties, Macrotech Developers, DLF, Oberoi Realty and Brigade Enterprises, driven by stable sales supported by new launches and adequate inventory. A surge in launches is expected in Q4FY25 from players such as Aditya Birla Real Estate, Prestige Estates, Sobha, Godrej Properties, DLF, Brigade Enterprises, Shriram Properties and Kolte-Patil Developers.
However, Antiq in its research note said that while most of these real estate players will be able to meet their project launch targets in Q4FY25, some one or two players may miss the mark. Aditya Birla Real Estate and Oberoi Realty remain the brokerage’s top picks of the year.
Nifty Realty Index gained about 34% last year. This index had also seen gains of about 82% in 2023. This was the fifth time in the last six years that this index has given positive returns in a calendar year. Nine out of 10 stocks in the index delivered positive returns this year, with gains ranging from 15% to 63%.
The only stock on the Nifty Realty index that did not deliver positive returns in the last calendar year was Mahindra Lifespace Developers, which declined 14% in 2024.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.
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