ICICI Report on the Indian Real Estate Sector - Opportunities Unleashed

“It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate.” – Donald Trump.

The real estate sector has all the trappings of a winner underpinned by the booming IT/ITES, organised retail, hotels and logistics sectors, and the emergence of India as a global manufacturing hub. Further, resilient economic factors and strong inflows have added muscle to the growth story. Oversupply fears have been overdone, though watch out for changes in Government policies on real estate. Overall, the sector offers lucrative investment opportunity as evidenced in realty companies of South and West India, which are trading at significant discount to their inherent values. We initiate coverage on Sobha Developers, Peninsula Land, Marg Construction, Prajay Engineers and D S Kulkarni with BUY recommendations. Arihant Foundations (Unrated), too, deserves a closer look.

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