Key Points
Pankaj Kumar, Vice President, Kotak Securities, says in the last two to three years, real estate demand has been on an uptrend and this is largely led by the structural reforms, particularly with respect to RERA and the improving affordability..
Plus, the inventory in the system is on the lower side because of the strong demand and launches were on the lower side..
So, this kind of demand trend we are still continuing to see largely because the inventory is around one-and-a-half years or less in most of the micro markets and there is an equally strong demand from the real buyers..
At these levels, most of the stocks are fully valued, but still we like companies which are looking on a positive side for a long term, like DLF, Macrotech Developers and Prestige Estates that we can look at on declines...
One is Signature Global, second biggest player in Gurgaon, DLF and some others as well.. Pankaj Kumar: In Gurgaon particularly, we have seen a very strong demand for the launches from DLF..
