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
- 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.
| 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 |
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