Morgan Stanley has provided updates on key realty players for Q3FY25, showcasing varied performance across the sector:
- DLF and Oberoi Realty: Both are expected to show strong sales momentum, with quarter-on-quarter (QoQ) sales growth of 20-35%. DLF’s FY25 growth is projected at ~60% year-on-year (YoY), outpacing its peers. Projects like Dahlia (150 units worth ₹120 billion) and 360W (13 units) delivered positive surprises.
- Prestige Estates: Reported pre-sales of ₹10,800 crore for 9MFY25, which fell short of expectations. FY25 growth is anticipated at just 2%, assuming Q4 sales of ₹10,500 crore.
- Lodha and Godrej Properties: Lodha is expected to report pre-sales of ₹4,100 crore, while Godrej Properties is estimated to record ₹5,300 crore, both aligning with market expectations.
Morgan Stanley highlights DLF as a standout performer, with Prestige facing challenges in achieving robust growth.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions.
