This real estate stock gave 42.5% returns in the past year; know why analysts are bullish on this stock
The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.
In the second half of 2024-25, a strong launch pipeline across Gurugram, Noida, Mumbai, Pune, and Hyderabad, combined with robust demand, will help the company exceed its annual guidance. Cash flows are expected to remain healthy, and it is actively investing in new geographies, finding significant opportunities despite rising land prices. The company benefits from the real estate sector upcycle, driven by economic rebound, urbanisation, and aspirational lifestyles. The traction is visible in both residential and office segments. Growing population, policy interventions like RERA and consumer preference for the luxury segment are driving the residential segment whereas the acceleration of firms returning to office and improved infrastructure are boosting the demand for the office segment.
Management’s strategy is centred around growth and innovation-led operational excellence. Some of the steps undertaken include continuous evaluation of market mix, emphasis on land acquisition
