Residential real estate sector in India presents a decadal opportunity led by the shift to Organized from Unorganized. Our top pick in the space is Kolte Patil, a branded developer based out of Pune.
Boomeranged on Wed, 9 Aug 2023 19:26
Business development activity, pace of execution and new launches are at all time high, leading to all-time high sales velocity. The stock has appreciated >80% in less than 2Y since we initiated coverage. Upside potential is still significant as projected in our fair valuation estimates. Life Republic project in Pune and Society Redevelopment projects in Mumbai continue to be the key drivers.
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