Oberoi, Lodha, DLF, GPL: Strong H2 Ahead For Property Stocks; Jefferies Flags Sales, Launch Momentum
Jefferies reported that India's residential property market is gaining momentum, with July-August sales expected to rise 8-10% YoY by area and 20% by value. Analysts predict a 10-15% pre-sales growth for covered companies in Q2, reversing a previous 30% decline. A strong second half is anticipated, driven by a robust launch pipeline and healthy demand trends.