Neeraj Dewan suggests caution on real estate amid contrasting views by analysts
market sentiment divided on the future of India's real estate sector, analysts are offering contrasting views. While market strategist Christopher Wood remains bullish, asserting that the real estate cycle is far from over, market expert Neeraj Dewan takes a more measured stance, pointing out signs of consolidation amid a slowdown in investments.
In an interaction with ETNow, Dewan highlighted that real estate and stock markets tend to move in tandem, and the recent correction in equities has also affected real estate investments.
“So, we have seen a good correction in the markets. So, a lot of money which is going into real estate is not going to that extent,” he noted, suggesting that the sector is not immune to the broader market pullback.
Despite negative sentiment over the last four to five months, Dewan observed that builders are holding firm on pricing, with only select deals offering negotiated discounts.
“The prices have not corrected, though maybe what we are hearing is that some deals, some negotiations are happening, so you get some discount. But as such, builders are holding on to their prices,” he explained.
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