KRChoksey has come with its December quarterly earning estimates for real estate sector. According to the research firm the residential property prices may witness some correction of about 15-20% at geographies like Delhi, NCR Mumbai etc, but it would be certain pockets not across the cities.
Preview on Real Estate:
Bookings are expected to be subdued for the quarter, on back of high capital values and increase in interest rates
The residential property prices may witness some correction of about 15%-20% at geographies like Delhi, NCR Mumbai etc, but it would be certain pockets not across the cities
Interest rate hike will lead to rise in the cost of funds for the developers
Factors to watch in the Q3FY12E result
Area booked during the quarter
Pricing trend seen in Super metros, metros, Tier I and II cities
No. of new launches by the developers and their price point.
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