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
Q4 FY21 saw residential sales volumes across India’s tier-1 residential cities rising 9% YoY and 32% QoQ.
Accordingly, all listed developers are expected to report strong sales bookings for the second consecutive quarter.
Heading into FY22E, the Covid-19 induced lockdowns across India bring a sense of ‘deja vu’ and we expect near-term headwinds for residential sales.
However, as seen from the experience of FY21, FY22E is again likely to be a tale of two halves with H2 FY22 expected to make up for lost sales in H1 FY22.
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