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Real Estate results preview for Q3FY12: KRChoksey

KRChoksey has come with its quarterly earning estimates for real estate sector.

January 14, 2012 / 11:39 IST
     
     
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    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.
    TOP Picks - Sobha Developers

    Company

    Sales (Rs Cr)

    PAT (Rs Cr)

    Reco

    FY12E

    FY13E

    FY12E

    FY13E

    DLF

    10,022

    11,081

    1,412

    1,761

    BUY

    Sobha Developers

    1,503

    1,729

    197

    244

    BUY

     

     

     

     

     

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jan 9, 2012 03:08 pm

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