External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Real estate / Thematic (Sector/Industry)

<ul><li>Launches getting absorbed, presales conversion cycle contracting: We continue to witness strong demand undercurrent with real estate developers reporting record presales during Q4FY24 either sustenance/new launch driven: Sobha (INR 15bn, growth of 3% YoY), Prestige (INR 47bn, growth of 21% YoY), Macrotech (INR 42.1bn, growth of 39% YoY), and GPL (INR 95bn, growth of 135% YoY)</li><li>We expect this momentum to continue in 1QFY25 as multiple new launches are planned by developers</li><li>Within micro-markets, we expect the consolidation story to continue in the top six cities with strong volume/muted price-driven growth in Bengaluru, MMR and Pune, while NCR growth will be driven largely by higher price appreciation in the luxury segment</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Launches getting absorbed, presales conversion cycle contracting: We continue to witness strong demand undercurrent with real estate developers reporting record presales during Q4FY24 either sustenance/new launch driven: Sobha (INR 15bn, growth of 3% YoY), Prestige (INR 47bn, growth of 21% YoY), Macrotech (INR 42.1bn, growth of 39% YoY), and GPL (INR 95bn, growth of 135% YoY)We expect this momentum to continue in 1QFY25 as multiple new launches are planned by developersWithin micro-markets, we expect the consolidation story to continue in the top six cities with strong volume/muted price-driven growth in Bengaluru, MMR and Pune, while NCR growth will be driven largely by higher price appreciation in the luxury segmentContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Real Estate (Q4FY24 Results Preview): Strong demand aiding presales momentum