Godrej Properties and DLF are top stock picks for Jefferies as property prices, home loan interest rates at cycle lows
A new residential cycle start should become evident over 2021 as both end-users and investors get back into action. It is expected that residential sales are set to cross 2019 levels, inventory to fall to 8-year low by end'21 and prices to rise by 10%+ over next two years. Office demand could surprise in second half of FY21 if tech hiring remains strong. As we build in a new multi-year cycle kickoff, Jefferies raises estimates and price targets with Buys through Jefferies coverage. Godrej Properties and DLF are top picks in the Real Estate Sector.
Godrej Properties with its strong nationwide residential franchise and DLF with its strong pro-cyclical stance are top picks. Jefferies 3-year analysis for Godrej Properties suggests 80% return potential: Zee Business