Macquarie has analyzed six realty stocks. It claims that four will out-perform and two will under-perform in 2015
Moneycontrol.com has revealed that Macquarie sees glimmers of optimism in 2015 after two choppy years for Asian real estate stocks. India specifically, the brokerage feels rents for office segment are rising gradually as demand is picking up and good quality supply remains scarce. It also that rents for retail segment are rising as expectations of consumption growth are returning while capital values of residential segment have stabilised. Macquarie has identified the realty stocks that investors should buy or sell in 2015
| Realty Stock | Rating | Target Price | Key Near Term Catalyst |
| Sobha Developers | Outperform | Rs 512 | Lower interest rate driving demand growth Continued strong demand in Bangalore residential segment and launches of lower ticket size. |
| Presitge Estates | Outperform | Rs 265 | Launch pipeline looks exciting, provides visibility to sales and cash flows Large rental portfolio provides cushion for interest payments REIT guideline could help company unlock value |
| Oberoi Realty | Outperform | Rs. 276 | Lower interest rate driving demand growth New launches driving demand growth |
| Unitech | Underperform | Rs 13 | Slow asset sale meaning limited cash flows for near-term. |
| DLF | Outperform | Rs 220 | – |
| HDIL | Underperform | Rs 64 | – |
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