I think that real estate has a strong cycle ahead! After watching a few analysis and reading reports, we are only in the middle of the cycle.
Max estate operates in Delhi-NCR which is the strongest market in India right now. the player is guiding for 100% pesales growth, which is about 4000 crores. so at my buying point, I was getting it at a 1x of market cap/Presales
the only player that compares its growth is TARC. which said 200%. If I had capital, I would play a basket approach with the two names.
Hope that helps
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