🏠 Housing Sales Momentum Strong, Likely to Sustain
🔸 Housing sales across the top seven cities reached 2.3 lakh units (₹3.8 lakh crore) during Jan-Sep 2024, marking a 17% growth in volume and 9% in value compared to 2023 (1.96 lakh units, ₹3.49 lakh crore).
🔸 Mid-Segment (₹50 lakh–1 crore) -39% of sales.
Upper-Mid Segment (₹1–3 crore) - 35%, indicating rising premiumization.
🔸 By year-end, sales are expected to surpass 3 lakh units worth ₹5.1 lakh crore across 485 million sqft.
🔸 Strong momentum will likely continue, driven by anticipated rate cuts and robust new launches.
🔸 Top Stock Picks
• Brigade Enterprises - Diversified portfolio; Target Price - ₹1,450
• Mahindra Lifespace - 5 x sales in 5 years; Target Price - ₹610.
🔸 Housing sales across the top seven cities reached 2.3 lakh units (₹3.8 lakh crore) during Jan-Sep 2024, marking a 17% growth in volume and 9% in value compared to 2023 (1.96 lakh units, ₹3.49 lakh crore).
🔸 Mid-Segment (₹50 lakh–1 crore) -39% of sales.
Upper-Mid Segment (₹1–3 crore) - 35%, indicating rising premiumization.
🔸 By year-end, sales are expected to surpass 3 lakh units worth ₹5.1 lakh crore across 485 million sqft.
🔸 Strong momentum will likely continue, driven by anticipated rate cuts and robust new launches.
🔸 Top Stock Picks
• Brigade Enterprises - Diversified portfolio; Target Price - ₹1,450
• Mahindra Lifespace - 5 x sales in 5 years; Target Price - ₹610.