Motilal Oswal Institutional foresees an extended upcycle in this sector

Gautam Duggad, Head of Research at Motilal Oswal Institutional Equities, is bullish on real estate and expects the upcycle in the sector, particularly in hotels space, to continue for a while.

In an interview with CNBC-TV18, he noted that the real estate sector has picked up after nearly a decade of slow growth.

As the positive trend is expected to continue for some time, the broking fimr has included some stocks such as Godrej Properties, Sobha, and Sunteck Realty, in its model portfolio.

These stocks together make up about 4% of Motilal Oswal's model portfolio, he said.

In its recently-released Wealth Report for 2024, Knight Frank had stated that Indian ultra-high net worth individuals (UHNIs) plan to dedicate approximately 32% of their wealth to real estate investments in the upcoming year.

This investment is expected to mainly focus on acquiring residential properties.

Gulam Zia, Senior Executive Director at Knight Frank India, also recently pointed out to CNBC-TV18 that the count of ultra-rich individuals (ultra-HNWIs) in India is expected to rise at a faster pace than the rest of the world.

Knight Frank Wealth Report 2024 | Indian ultra-HNIs to allocate 32% of wealth to realty within the year

For the entire interview, watch the accompanying video