Oberoi | Business Upturn

Real estate stocks fall after Morgan Stanley notes slower pre-sales

Aditya Bhagchandani — Tue, 27 Aug 2024 04:09:45 +0000

On August 27, real estate stocks fell as Morgan Stanley highlighted a decline in investor interest in the sector compared to six months ago. The note pointed out that developers are becoming increasingly reliant on new launches, and current valuations are high. Despite these challenges, the brokerage remains optimistic, noting that the sector is still in an up-cycle.

Morgan Stanley’s analysts expect a slowdown in pre-sales for major developers like DLF, Oberoi, and Prestige. This has led investors to show more interest in smaller developers. Among these, Godrej is noted as a preferred choice, though concerns about its lower margins and cash flow persist. On an EV/EBITDA basis, Prestige and Godrej, rated as “Overweight,” appear relatively cheaper, potentially offering attractive investment opportunities despite ongoing uncertainties.

DLF Share Price as of 9:35 am- ₹846.05

Oberoi Share Price as of 9:35 am – ₹1,721.55

Prestige Share Price as of 9:35 am – ₹1,752.15

International brokerage Citi has recently increased target prices for several real estate stocks. Despite expressing confidence in sustained demand over the next few years and emphasizing timely launches due to low inventory, Citi cautioned about expensive valuations.

The Nifty Realty index has surged 93% over the past year, compared to a 27% rise in the Nifty index, raising concerns about overvaluation despite positive earnings growth potential.

JM Financial’s latest report indicates that with historically low inventory, rising disposable income, and limited supply expansion, the residential real estate sector is poised for continued growth.

For FY25, JM Financial expects an 18% market growth, including a 12% increase in volume and a 6% rise in prices. The brokerage advises focusing on developers known for timely launches and strategic business development, initiating coverage with ‘buy’ ratings for DLF, Keystone, Macrotech, and Sobha, and a ‘hold’ rating for Oberoi Realty.

Which are the biggest hotel chains in India?

News Desk — Tue, 14 Sep 2021 15:19:33 +0000

THE LEELA PALACES, HOTELS AND RESORTS

Commonly known as The Leela, the luxurious chain has an interesting story behind its formation. It was built by C.P. Krishan Nair which he named after his wife. He bought land of around 11 acres in Sahar Village, Mumbai and built a hotel as The Leela, Mumbai in 1986 and was the first-ever luxury hotel near Mumbai International Airport. At the age of 65 Capt. Krishan Nair became one of the biggest hoteliers in the world. The Leela is now owned by Brookfield Asset Management a leading asset management company with around $625 billion in assets under their management.

ITC HOTELS

One of the biggest names in the business the brand offers around 100 hotels around 70 destinations. It was launched in 1975 and is known for its authentic services and hospitality. Their official website claim that It ensures that sustainable practices are built into our hotels in the design phase itself, thus enabling ITC Hotels to be eco-embedded, services to be eco-easy and our associates to be eco-sensitised; all of this while ensuring you indulge guilt-free. All ITC Hotels are LEED Platinum certified.

LEMON TREE HOTELS

Lemon tree claims to be the India’s largest hotel chain in the mid priced chain and is currently operating 10,450 rooms in 106 hotels across 64 destinations, in India and abroad. The first hotel was setup in 2004 with 49 rooms. Patu Keswani is the owner and founder of the Lemon tree hotel chain.

THE OBEROI GROUP

Founded in 1934 the first hotel was formed in Shimla by Mr M.S Oberoi and was the first step towards a big industry.It operates 32 hotels, Nile Cruisers and a Motor Vessel in the backwaters of Kerala.The Oberoi Group established The Oberoi Centre of Learning and Development in New Delhi in 1966. Today, this institution is considered amongst the best in Asia with approximately 100 students graduating each year.

NEEMRANA HOTELS

Spread around 13 destinations, 18 hotels with 751 employees they started restoring the historical properties and keep the stories of past alive. “We have focused continuously on restoring our past historical wonders into modern day heritage hotels, which can give a true picture about our culture, heritage and values to the discerning traveller.” as per Neemrana official website.

List of the most expensive hotels in India

News Desk — Tue, 14 Sep 2021 15:17:57 +0000

RAMBAGH PALACE, JAIPUR

The palace is located in Bhawani Singh Rd, Rambagh, Jaipur and the basic suite starts with a price of Rs 30,000 and the Grand Presidential Suite cost around Rs 6 lakh per night. The justification of cost is given as it was the residence of Maharaja of Jaipur and is considered as one of the most luxurious hotels in the world.

TAJ LAKE PALACE, UDAIPUR

The beautiful palace is located in Pichola, Udaipur, Rajasthan and is belonging to the Mewar dynasty and is considered as one of the best hospitality offered on their part to the visitors and the cost of one night Rs 6 lakh for a single night. 65 luxurious rooms and 18 grand suites together compromise the palace in the middle of the lake with a view of the city.

THE LEELA PALACE, NEW DELHI

One of the safest places to stay as it provides bulletproof windows for keeping the safety of their guest as their topmost priority. The hotel located in Africa Ave, Diplomatic Enclave, Chanakyapuri, New Delhi is owned by Brookfield Asset Management and the Maharaja Suite cost around Rs 4.5 Lakh.

THE OBEROI, GURGAON

The common name that comes into everyone mind by the name of luxury hotels is The Oberois group and is one the biggest chains and the first name that comes into your mind for a luxurious experience is Oberois. To provide the luxurious stay at the charge of Rs 3 lakh for the experience at the presidential suite.

THE OBEROI UDAIVILAS, UDAIPUR

A perfect place for a destination wedding with a great view and ambience a perfect place to experience the best of the lot. It offers you a lake view, with two upscale restaurants and a bar along with a spa and outdoor pool. The centre of attraction is the Kohinoor Suite which cost Rs 2.5 lakh per night with an experience of complete royality.

THE OBEROI AMARVILAS, AGRA

Minutes away from the wonder of the world Taj Mahal the hotel is a popular tourist place as they prefer to stay near the Taj Mahal. It offers an amazing view of Taj Mahal and especially on full moon night and the expensive suite charge around Rs 2.5 lakh for a night.