“The final 25-year historical past means that Indian property up/down cycles usually final 7-9 years,” mentioned Jefferies in a word to purchasers. “We imagine that the sector is now rising from an 8-year downturn and we imagine that 2020 was the underside.”
Jefferies mentioned the housing sector is seeing its finest affordability up to now 20 years. “During the last 9 years, property costs have moved up by solely 25% whereas the cumulative earnings development has been 70%. Low mortgage charges additionally assist,” the brokerage mentioned. Jefferies mentioned property builders, housing finance firms, cement and constructing supplies makers would be the key beneficiaries.