1 min read.Updated: 28 Jun 2022, 12:34 PM ISTLivemint
Godrej Properties, Lodha, DLF and Prestige should have relatively better pre-sales performance, as per Jefferies
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The Nifty realty index is down 31% from November 2021 peak, bringing the sector valuations (PBx) to within 10% of their past 10-yr average valuations. Given sector consolidation, better corporate balance sheets and a rising cycle, global brokerage Jefferies believes realty stocks should trade higher despite rising interest rates.
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