Real estate stocks seem attractive amid rising consolidation, healthy demand; DLF, Prestige, Brigade top picks: Nuvama livemint.com
Housing demand in India’s top 7 cities improved 28% year-on-year (YoY) in April 2024, while it increased 17% YoY in 2024 so far. However, new launches plummeted 10% YoY and supply dipped 15% YoY. Unsold inventory continued to improve as it declined 7% YoY with inventory months falling to 15 in April from 19 in the same month last year. Moreover, the correction in unsold inventory levels has lifted prices in all the major cities. Average home prices surged YoY in all top 7 cities during the month
