UBS has shared a bullish outlook on the Indian real estate sector, driven by multiple tailwinds across residential and commercial segments. The brokerage initiated coverage on key players with the following ratings and target prices:
- DLF: Initiated with a Buy rating and a target price of ₹1,005, highlighting it as the best play in the luxury segment.
- Prestige Estates: Initiated with a Buy rating and a target price of ₹2,175, citing its strong diversified portfolio.
- Oberoi Realty: Initiated with a Neutral rating and a target price of ₹2,230, positioning it as a key force in the Mumbai real estate market.
Key sector highlights by UBS:
- The real estate market is in a sustainable upcycle due to robust demand trends and favorable macroeconomic conditions.
- Residential segment: Multiple tailwinds, including increased affordability and demand recovery, are driving volume growth.
- Commercial segment: COVID-related uncertainties have largely eased, boosting investor confidence.
UBS emphasized that the Indian real estate sector is benefiting from structural changes, with luxury, diversified portfolios, and regional dominance being key themes for future growth.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.