Real Estate results preview for Q3FY12: KRChoksey

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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