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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