Shares of Godrej Properties were trading 1.54% higher at ₹2,067 on Friday, Dec 12, after global brokerage HSBC reiterated its bullish stance on India’s real estate sector. The firm maintained ‘Buy’ ratings on Godrej Properties, DLF, and Sobha, citing strong underlying fundamentals.
HSBC noted that real estate stocks have underperformed recently despite healthy presales, mainly because investors are waiting for cash flow improvements and project completions. However, the brokerage highlighted that the overall health of the industry remains robust, supported by:
- Low unsold inventory levels
- Well-managed debt positions
- Strong and consistent launch pipelines
With demand sustaining across key markets and developers positioned for steady execution, HSBC expects larger players like Godrej Properties to continue benefiting from consolidation in the sector.
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