Real Estate stocks have been buzzing off late. In an interview to CNBC-TV18, Adhidev Chattopadhyay of ICICI Securities shared his views and readings on the sector.
He said that the commercial segment of realty market has seen some recovery in last three-four years.
He further said that large global institutional money is chasing commercial realty assets.
According to him, developers are now focusing on affordable housing projects.
On stock front, ICICI Securities like Prestige Estates Projects and Brigade Enterprises in commercial realty segment and also like Phoenix Mills for mall portfolio. Expect DLF to do better in next two-three years, he added.
We also like Kolte-Patil Developers, Oberoi Realty and Godrej Properties for residential projects, said Chattopadhyay.
Watch accompanying video for more details.
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