Stockrabit · Analysts
Questions across 19 calls

Pritesh Sheth

Motilal Oswal

Sobha Limited

Sobha Limited CC-Jun24.pdf · 2024-08-09
Firstly, just a clarification whether SOBHA Altus has any contribution for the quarter or most of that sales that happened will come in Q2?
Second is on your product strategy since you agree to the fact that all these premium projects with higher ticket size will have a moderate kind of sales. So, firstly trying to understand, why these premium projects whether the location demands that or the land cost that we have paid or the terms that we have agreed with JDA partners need to have a premium project in that location so as to earn good margins, so just broad comment on that? If you can just quantify the balance 6 million square feet in this year or the 19 million square feet that we have in the forthcoming pipeline, what would the mix of mid-income versus premium projects?
Sobha Limited CC-Dec23.pdf · 2024-02-08
Just firstly, on the forthcoming pipeline, when I s ee not many cities being mentioned there, but we have had a very successful project launch in Thrissur in Sobha Metropolis. But I don't...
So first question is on your forthcoming project pi peline, while we have mentioned quite a few cities. But being at Thrissur where we have had a v ery successful project launch. It's kind of missing from that -- I mean, the -- next project is not mentioned here, while I assume we might have some land in the pipeline in Thrissur as well. So what's your plans in that market?
Sobha Limited CC-Sep23.pdf · 2023-11-07
First question is again on growth if I look at ce rtain I mean if I look at the contribution from certain markets like NCR where we are now doing 1,500 crores of annual presales Bangalore is also consistently now ramped up, probably next two years you have indicated a pipeline, but beyond that if you want to maintain let's say 15 %, 20% kind of a growth which markets are going to contribute that growth considering the pipeline that we have right now and whether that will come from the existing markets and we'll gain certain market share or newer markets will also start contributing and if you can highlight any specific new markets that we know particularly you're positive of ramping up in next couple of years?
So, with this 15%, 20% kind of growth can be targeted over the next in the three to five years?

Brigade Enterprises Limited

Brigade Enterprises Limited CC-Jun24.pdf · 2024-08-07
So first is on the couple of luxury launches that you have had in Q1 and probably Icon also in Q2. Now how would you rate the overall response to both these projects? If I am correct, probably Insignia would have contributed roughly INR150-odd crores of presales this quarter, which was really 15%, 20% of the GDV that we have launched. So how would you rate that sort of contribution? And your overall strategy going forward, would you be in terms of the project mix, would you be now shifting focus more towards these luxury projects or you would have favorability towards mid-income kind of projects, which have invested in well in terms of sales velocity for us. So just broadly your comments on those 2 points.
Sure. Just one follow -up on that. I think prior to 2017, we were largely into this higher ticket size kind of segment where we were selling flats between INR 1.5 crores to INR 4 crores, INR 5 crores, where velocity was slow and hence, the inventory side to build up. How different that market was versus what you see currently? I mean in terms of response that you have seen in these couple of launches, does it indicate that, that market was dull and the market is doing better than that phase.
Brigade Enterprises Limited CC-Mar24.pdf · 2024-05-30
Congrats on strong numbers. Firstly, if you can provide a split of these launches, 12.6 million square feet between the three markets? And just in case of Bangalore, most of the sales this year came from that 7.5 million square feet. Do you think additional -- there would be a decent growth coming in, in Bangalore or it's Chennai and Hyderabad which would be contributing to this volume over the next couple of years while you ramp up launches in these two markets?
On the question on market contribution. So Bangalore, you do expect equal amount of volume growth that you're expecting in Chennai, Hyderabad or growth should be lower there and Chennai, Hyderabad would obviously add to the growth?
Brigade Enterprises Limited CC-Sep23.pdf · 2023-11-09
Congrats on good numbers despite the absence of any major l aunches. First, just on the project additions that we did this quarter, I think you mentioned in the initial part of commentary, but I somehow missed out. Can you probably just mention how much w as the project addition this quarter and the GDV? And if you can help us understand whe re we have added these projects, especially I'm seeing commercial, there is 3 millio n square feet of additional land that we have tied up, so just your comments on that.
And this includes commercial as well. So both the propertie s in Chennai were commercial? Because I see 3 million square feet of addition in the Commercial segment piece.

The Phoenix Mills Limited

The Phoenix Mills Limited CC-Jun24.pdf · 2024-08-01
First question is on the category wise consumption mix that you have given in Slide #10. So, in a certain categories like jewelry, gourmet, hypermarket doing well is because of the mix change that you would have done in your existing malls or something to do with that category itself doing well. And your second question to that is, will there always be this differential of performance between the categories like certain category is not doing well or doing below average kind of growth and certain category is doing well or you see that there is certain structural issues that are there with certain categories like electronics, obviously multiplexes we know what kind of issues that they are going th rough right now, but can these categories which have underperformed, now start to ramp up in terms of like-to-like consumption growth?
Yes. And, second on the office side so, if you can provide an update on leasing status and all of Asia Towers and even for Pune what's the status in terms of completion and have we started leasing on that?

DLF Limited

DLF Limited CC-Jun24.pdf · 2024-07-26
So, just first question on a little bit of noise off late which was created in Gurgaon about little slower sales in (+7) crores or little higher ticket size category. Obviously not for you guys but for some other competitors. So, just wanted your thoughts on, are you seeing at least some exhaustion in terms of price increase at certain price point, there would be certain section of customers who are right now probably moving away from the absorption. So, just your thoughts on that.
Just a follow up on that. I mean while we remain confident on demand would you be equally confident on price increases as well? If at all we want to take let's say Privana where we have had a very couple of successful phases. So, are you seeing some kind of exhaustion there or still there is scope of prices going up depending upon the quality of the product that we are going to launch?
DLF Limited CC-Mar24.pdf · 2024-05-14
Thanks for taking my question. Firstly, just on Privana West, congrats on successful launch of second phase, just want to understand how different the demand characteristic was versus the First Phase. Even we had a little higher pricing. So, just your comment on that.
I mean, the number of cheques that you've got, where was the higher than the number of units and hence you have pulled forward the next phase to this year, because earlier we didn't see, that Privana launch happening this year. And are you looking at some higher, a little premium product in Privana now in the third phase? Because if I do some back of the envelope calculation, we are getting an average realization of somewhere around Rs. 24 000 - 25,000. So, is my calculation, right?
DLF Limited CC-Dec23.pdf · 2024-01-25
So first question is on launches, good to see a very strong pipeline now for next couple of years. You have already mentioned about projects in Gurugram, Chennai, Goa, first phase of Mumbai. Can you elaborate or quantify more on the size of these launches that are expected next year? And what are the key additions in terms of projects beyond FY '25 that you have mentioned?
Got it. So full 3 million square feet, which was expected this year in DLF 5 is now happening next year, FY '25, is it?
DLF Limited CC-Sep23.pdf · 2023-10-31
First is to Mr. Khattar. So I think very good leasing quarter across the operations and the under construction portfolio. Just wanted to get a sense of that leasing, 3 lakh square feet each leased out in both SEZ, non -SEZ space. Where is the demand exactly coming from? Is it the exi sting tenants expanding? Or are we also seeing some new tenants, specifically in SEZ spaces as well?
Sure. And just -- just a follow up on that, SEZ space is also seeing demand from new tenants or just existing tenants expanding?

Prestige Estates Projects Limited

Prestige Estates Projects Limited CC-Mar24.pdf · 2024-05-29
Hello.
Hello.

Oberoi Realty Limited

Oberoi Realty Limited CC-Mar24.pdf · 2024-05-15
First is on margins for this quarter which obviously looked very strong. Seems like largely because of Three Sixty West recognition and Elysian. So, just wanted to understand what kind of margins these two projects are now garnering for you , considering the pricing you have reached in Elysian and both Three Sixty West as well?
And in general, whenever Elysian and Three Sixty West both will have higher recognition coming, this is the sort of margins that.

Lodha Developers Limited

Lodha Developers Limited CC-Mar24.pdf · 2024-04-25
First question is on the capital raise that you have done and the deployment of it and that leading to additional growth to the Company. So, you guided for little over 20% kind of growth. When do you think that this capital ra ise can transpire into 20%-plus kind of growth, not marginally, but a bigger delta in terms of growth? And do you see any upside risk in this guidance that you have given because of the new project addition that you will do throughout the year and that can lead to additional kind of pre-sales?
In terms of the kind of deals that we are getting to evaluate, has the characteristic changed with deals largely coming from outright land rather than in JDAs or our strategy with this kind of capital that we have, will tilt more towards outright because that obviously helps us generate better margins and eventually better ROE. So, what would be our focus that way?
Lodha Developers Limited CC-Sep23.pdf · 2023-10-30
Yes. Thanks for the opportunity and congrats on a very strong performance. First is in terms of micro market performance capacity, South Central had a very good quarter. It wasn't specific to any particular project because we have been hearing certain transactions in media? O r do you see this improvement across projects because of people's preference for larger homes? And how do you see this trajectory for South Central as a market going ahead?
But any pricing strategy in South Central Mumbai would be different from the other markets because of higher propensity to pay for the customers. So would it be different?

Godrej Properties Limited

Godrej Properties Limited CC-Dec23.pdf · 2024-02-06
Yes. So just continuing on the NCR question. The first question, which previous participant asked. So we have roughly two, three more projects now, I mean, in fact three, four more projects now in NCR including Ashok Vihar. So pretty much sorted for next year's growth. Now considering that NCR is contributing 50% to our overall presales in first nine months, now how do you see the visibility of project additions in these markets because whatever you acquired in last one or a couple of years, a few of the acquisitions where a few of the land was acquired through auctions. So how is the visibility right now? Is there enough opportunity to acquire -- keep acquiring projects to fill that gap, which will happen over the next 1, 1.5 years?
Yes, sure, sure. That's helpful. And just on your presales guidance now, obviously, it seems like you would reach your full year guidance and with launches coming up, what is the kind of expectations now we are building in for this year?