Jefferies sees India’s housing market demand trend to stay intact in 2024 – XM

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BUZZ-Jefferies sees India’s housing market demand trend to stay intact in 2024

** India’s residential sales to see an about 20% growth after a strong 2023, says Jefferies


Buy/sell, rent/lease residential &
commercials real estate properties.

** There is significant headroom for volumes to rise in medium term

** Special Economic Zone rules amendment for real estate investment trusts (REITs) have resulted in leasing uptick for office in late 2023 – Jefferies

** Relaxation in SEZ rules should drive improved flexibility for large-office holders; upgrades Mindspace Business Parks REIT MINS.NS to “buy” from “hold”

** Downgrades Prestige Estate Projects PREG.NS to “underperform” from “hold”; sees accelerated project investments requirements, given limited land bank as a key overhang on higher multiples

** Jefferies says weak P&L, lesser clarity on potential land bank could limit upside for Sobha SOBH.NS, downgrades to “hold” from “buy”

** Nifty realty index .NIFTYREAL rose 81.3% in 2023

Reporting by Anisha Ajith in Bengaluru

This post was originally published on 3rd party site mentioned on the title of this site

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