Yeah i am seeing multiple triggers which could re rate DLF if these valuations are looking bloated. EBITDA/Pre Sales is something to track here
Other businesses in real estate like Prestige look value bets to some extent being a Pan India player. But DLF is a momentum play too in the short to medium term.
- Medanta-DLF JV setting up hospital in South delhi and that too coz of requirements.
- DLF Ireo land acquisition and that too at premium location in heart of Gurgaon where extension road just starts. So this is an actual re rating thing. DLF does really well building an ecosystem and just not residential.
- I do see a lot of movements wrt areas leading to the Ireo land already may be govt entities are collaborating coz of elections + DLF and oberoi coming to sector 58.
I have done some study around sector 58 which has a lot of demand just wrt scarcity
Subscribe To Our Free Newsletter |