Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

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Near term outlook on realty stocks

Avdhut Bagkar Mumbai
Markets across the globle have been grappling with fears that rising interest rate could have an adverse impact on the economic growth. Back home, minutes of the June policy review, released on Wednesday, showed that the monetary policy committee (MPC) of the RBI could announce more interest rate hikes in the coming months.

However, brokerages believe the increase in the repo rate and the subsequent rise in mortgage rates are unlikely to have a major impact on residential sales in India. READ HERE

Also read: Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Against this background, realty shares were seen trading with gains on Thursday in line with the broader

First Published: Jun 23 2022 | 12:58 PM IST

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