ICICI Securities: Real Estate    Residential Segment Check - The Wheat Gets Separated From The Chaff
A gardener prunes plants outside a residential apartment building in Palava City on the outskirts of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Real Estate Residential Segment Check - The Wheat Gets Separated From The Chaff

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

After a washout in Q1 FY21 due to Covid-19-induced lockdown, Q2 FY21 has seen residential industry volumes revive to 65% of pre-Covid levels owing to a mix of pent-up demand, price discounts and low mortgage rates.

At the same time, Q2 FY21 sales bookings for our listed coverage universe stood at 70-100% of Q2 FY20 sales, which points to continued consolidation and market share gains.

For H2 FY21-FY22E, all listed developers have a number of planned launches and continue to focus on monetisation of ready inventory.

Click on the attachment to read the full report:

ICICI Securities Real Estate India Residential Update November 2020.pdf

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