Real Estate Sector Check - Seasonal Decline In Pre-Sales, But FY23 Guidance Reiterated: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.In this report, we highlight key insights based on the Q1 FY23 results, the management commentaries of major developers, and the near-term demand outlook. The YoY performance of the top 12 listed companies looks optically strong on account of a low base. Pre-sales fell 16% QoQ due to seasonality. As Q1 FY22 was a washout, most companies have achieved the bulk of their targeted incremental growth for FY23 in Q1, with managements confident of achieving double-digit growth in the fiscal. Except Macrotech Developers Ltd., Prestige Estate Projects Ltd., and Sobha Ltd., launches from the top 12 developers were relatively moderate. Barring the strong response to a few small launches, pre-sales had a higher share of sales from ongoing projects, led by sustained sales momentum across its ongoing portfolio. After witnessing a sharp uptick in construction cost until Q4 FY22, companies saw some moderation in inflation as the price of key commodities saw a healthy correction. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Real Estate Sector Check - Seasonal Decline In Pre-Sales, But FY23 Guidance Reiterated: Motilal Oswal

Real Estate Sector Check - Seasonal Decline In Pre-Sales, But FY23 Guidance Reiterated: Motilal Oswal

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