The real estate sector has been badly affected during the Corona period. Home buying was limited in the real estate sector. However, buying in real estate has increased after the festive season last year. It is anticipated that now real estate companies can get back on their track.
In a report, domestic brokerage and research firm ICICI Securities has listed some real estate companies, whose shares are expected to increase. These companies are- DLF, Embassy REIT, Mindspace REIT, Brookfield India REIT and Brigade Enterprises.
The brokerage has buy ratings on DLF, Embassy Office Parks REIT, Phoenix Mills and Brigade Enterprises. Mindspace Business Park REIT, and Oberoi Realty have been recommended for hold, while Brookfield India REIT, Prestige Estates Projects have also been advised to add.
ICICI Securities believes that the Indian market retains many positives such as a limited number of 8-10 Indian developers who have been able to build quality rental properties. India is one of the more affordable office markets in the world and a leader in STEM (Science, Technology).