Analysts turn cautious on real estate stocks amid rising Covid cases

Going ahead, analysts at ICICI Securities expect consolidation across the industry with market share gains for larger incumbents across real estate asset classes

The onset of the second wave of Covid and the ensuing curbs across key economic hubs has had another casualty – the commercial real estate segment. Experts say there is still uncertainty in the realty market with respect to resumption of business as usual (BAU) in the backdrop of rising COVID cases and the ensuing lockdown.

Occupiers, according to JLL – one of the leading real estate consulting firm – continue to adopt a cautious approach, reassessing their real estate portfolios and long-term commitments. The leasing momentum in the coming quarters, they believe, will depend on the time taken to