ICICI Securities expects listed developers to be continued beneficiaries of industry consolidation and expect their sales volumes to get back to pre-Covid levels in this period assuming further waning of Covid-19 impact. Here are top picks by ICICI Securities for the real estate sector.
DLF | Buy | TP: Rs 240
Embassy Office Parks REIT | Buy | TP: Rs 408
Mindspace Business Parks REIT | Buy | TP: Rs 358
Oberoi Realty | Buy | TP: Rs 457
The Phoenix Mills | Buy | TP: Rs 780
Prestige Estates Projects | Add | TP: Rs 291
Brigade Enterprises | Buy | TP: Rs 272
Godrej Properties | Sell | TP: Rs 826
Sunteck Realty | Buy | TP: Rs 303
Sobha Ltd | Buy | TP: Rs 382