Realty in focus: Sunteck posts strong operational update, JP Morgan bullish on Indian real estate

JP Morgan believes that the India residential cycle is turning up with buyer sentiment turning positive on the back of all-time-low mortgage rates and the impact of COVID-19, which seems to be forcing households to look at financial safety and better home quality. As per them, Q3 presales have likely been strong across space. They expect 2H21 sales to compensate for losses in the first five months and expect stronger growth in FY22. They add within the sector, consolidation towards listed developers is likely to continue given better balance sheets…

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JP Duminy says Perth century a ‘step in right direction’ for career

Australia has been a happy hunting ground for Duminy. Out of his five Test centuries, three have come against Australia and two have come in Australia. His first century against Australia, 166 in Melbourne in 2008, gave South Africa their first series win Down Under. In 2016, his knock of 141 at Perth has put South Africa on top in the first Test. Speaking after the end of the day’s play, Duminy, who shared a 250-run stand with Dean Elgar, who also notched up his fifth Test century, said the…

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