The brokerage has an “add” rating on the stock. The company intends to launch new projects of more than 8 million square feet (msf). It is also targeting an annual reservation rate of at least Rs 40 billion. This is against pre-COVID bullion levels of Rs 20-25. “With new inventory coming up for sale at its independent floors across DFL City, Gurugram, new Gurugram and Tri-City, Chandigarh, we expect DLF to also record Rs 10 billion in the second quarter of fiscal 22” , said ICICI Securities.

Oberoi Realty: The brokerage has a “buy” rating on the stock. He says the company is targeting H2FY22 launches across Thane and Borivali / Goregaon and other ongoing projects once lockdowns are eased.

Macrotech Developers (Lodha): The brokerage has an “add” rating on the stock. ICICI Securities says the company has already started marketing the new and upcoming phases of Phase 2, Palava. The brokerage expects this launch to bring Lodha’s monthly sales rate to Rs 10 billion as of October 2021. The company is on track to meet its sales forecast for fiscal year 22. 90 billion rupees, he said.

Mahindra Lifespaces Developers: The brokerage has a “Buy” rating on the stock. According to ICICI Sec, given its lunches scheduled for the second half of FY22, the company can record gross sales bookings of over 12 billion rupees in FY 22E versus 7 billion rupees in fiscal year 22E. of exercise 21.

Properties of Godrej: The brokerage has a “Sell” rating on the stock. He indicates that the company’s launches accelerated in August-September. The brokerage therefore expects it to register Rs 21-22 billion in sales bookings in the second quarter of fiscal year 22.

Prestige Real Estate Projects: ICICI Securities has an ‘Add’ rating on the stock as it expects the company to record Rs 20 billion in gross sales bookings in the second quarter of fiscal 22 with company share between 16-17 billion rupees.

Brigade companies: ICICI Sec has a “Buy” rating on the stock as it was able to record sales worth Rs 4 billion in August-September since the launch of 12 new properties. The brokerage expects the company to achieve sales of Rs 10 billion in the quarter and Rs 30 billion in fiscal year 22.

Sunteck Realty: ICICI Sec has a “Buy” rating on the stock. The brokerage has seen an encouraging initial response to its latest project launch and expects Rs 1 billion in sales bookings from Vasind’s launch at T2FY22.

Shobha Ltd: ICICI Sec has an “Add” rating on the title because it expects the second quarter of fiscal 22 to be better than the corresponding quarter of fiscal 21. The brokerage received a decent response to its latest launch from Shobha Manhattan Towers in Bangalore.

(Edited by : Ajay Vaishnav)