InvestorQ : Should I buy Mumbai based realty stocks like Macrotech or South based realty stocks like Sobha or Prestige Realty?
Moii Chavate made post

Should I buy Mumbai based realty stocks like Macrotech or South based realty stocks like Sobha or Prestige Realty?

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Tisha Malhotra answered.
3 months ago
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That is an interesting question. Let me add that realty stocks have been in the news for the right reasons like improved outlook, record low interest rates and an expected economic recovery. All these are positive for the realty stocks and that is the reason most of the realty stocks have done so well in the recent past. However, given a choice, I would suggest to buy south based realty stocks as they hold greater potential due to the IT boom adding up.

Many of the realty companies were hit hard by RERA and the demonetization of 2016. However, the recovery is not evident with companies like Macrotech and Godrej Properties showing record sales. I like south based stocks due to the unlocking theme of IT hiring and increase in salary levels. Both could be big triggers for demand for realty in India and this is most pronounced in southern cities like Bengaluru. Take your pick accordingly.

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