Real Estate Q3 Earnings Preview: Strong Recovery To Be Seen, Says ICICI Direct 
A train passes commercial and residential buildings in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Real Estate Q3 Earnings Preview: Strong Recovery To Be Seen, Says ICICI Direct 

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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 Direct Report

In Q3 FY21, we expect construction companies to return to topline growth driven by near optimum labour availability, pick-up in execution.

For real estate companies, key highlight will be strong residential sales volumes growth led by factors like pent up demand, benign interest rates, measures like stamp duty cut in Maharashtra.

However, financial numbers of real estate companies will look optically weak due to rental waiver in retail segment, sub-optimal hospitality portfolio, albeit QoQ growth will be robust.

Click on the attachment to read the full report:

ICICI Direct Infra Real Esate Q3FY21 Result Preview.pdf

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