Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves
The company is the top pick of brokerages in the realty space
The company registered record Q3 sales bookings
Cut stamp duty and other levies last Calendar year spurred buyer interest; company's revenues up 56%
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Although residential sales faced a majot set back in Q2, they made a comeback with help of pent up demand
In the past month, the realty index has rallied 21 per cent against 6 per cent gain in the Nifty50 index
Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by upto 2 per cent from their respective intra-day's low.
On April 17, 2020, the stock had zoomed 20 per cent in intra-day trade, exchange data shows
Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market
At 12:26 pm, the Nifty Realty index was up 2.9 per cent as compared to a 0.38 per cent rise in the Nifty 50 index.
Haldiram, Oberoi Realty's plans hit; No pick up in demand expected in next 2-3 years
Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report
So far, there were opportunities in stalled residential projects for top developers like Godrej Properties
Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters
Godrej Properties is prepared to withstand the downturn in the sector and capture opportunities that arise due to the crisis, said its chairman Pirojsha Godrej in the company's latest annual report
Oberoi said that the company wanted to be a serious office property developer after its office lease deal with global investor Morgan Stanley
Ensure the price isn't higher than a construction-linked plan
At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable