HomeNewsBusinessStocksRealty valuations in line with long-term average, near pre-RERA rollout level: Jefferies
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Realty valuations in line with long-term average, near pre-RERA rollout level: Jefferies

Post the larger correction seen for residential developers we continue to favour Godrej Properties and Macrotech Developers against DLF and Oberoi realty. Godrej Properties, Macrotech Developers and Prestige Estates Projects are already trading at 16-38 percent discount to their price-to-book averages, Jefferies said.

Sandip Das
February 27, 2023 / 12:15 IST
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According to the global research firm the current sector valuations, on an absolute price-to-book comparison basis is inline with the long term average and close to the pre-RERA rollout levels. The RERA reforms since 2017 have triggered significant industry consolidation and ensured much improved sector discipline. Moreover, with the housing cycle still in an early period of typically long (6-8-year) cycle. It believes valuations may be close to bottoming.
According to the global research firm the current sector valuations, on an absolute price-to-book comparison basis is inline with the long term average and close to the pre-RERA rollout levels. The RERA reforms since 2017 have triggered significant industry consolidation and ensured much improved sector discipline. Moreover, with the housing cycle still in an early period of typically long (6-8-year) cycle. It believes valuations may be close to bottoming.
Sandip Das
first published: Feb 27, 2023 11:49 am

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