BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
While Covid-19 concerns may linger in CY21E, we expect the broader theme of consolidation in favour of large, organized developers to accelerate in CY21 as a number of unlisted developers continue to remain in financial trouble and grapple with stalled projects.
Q2 FY21 residential sales bookings for our coverage universe stood at 70-100% of Q2 FY20 sales, which points to continued consolidation and market share gains.
For CY21, all listed developers have a number of planned launches and continue to focus on monetisation of ready inventory.
For office leasing, while CY20E may see a 50% YoY decline in demand, we expect leasing momentum to bounce back in CY21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR