Lodha, Godrej Properties, Oberoi Realty, Sunteck: 4 real estate stocks to buy as Mumbai registrations jump 13% in June businesstoday.in
With the monthly housing registration data in Mumbai coming in strong and hopes that interest rates would soon ease, Nuvama Institutional Equities said real estate developers focusing on Mumbai real estate market such as Godrej properties Ltd, Oberoi Realty, Macrotech Developers Ltd (Lodha) and Sunteck should do well going ahead. Data showed the number of housing units registered in Mumbai shot up 13 per cent YoY to 11,673 units in June. The overall value of units registered climbed 18 per cent YoY to Rs 16,900 crore. The average ticket size also inched up 4 per cent YoY for the month.
