Its selection of micro-markets and differentiated merchandise make Suraj Property stand out. On its long-standing operations (over 38 years’ supply) in south-central Mumbai (excessive obstacles to entry, paucity of land parcels), price and time efficient redevelopment mannequin, eager give attention to the value-luxury class (conforming to demographics) and choose luxurious developments, it has emerged as an actual property provider of selection in its chosen markets. On its robust challenge pipeline with a much-anticipated launch of key initiatives like Suraj Vibe (Mahim, business) and Bandra luxurious initiatives, it should additional strengthen its main place.
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Anand Rathi Report
Effectively established in south-central Mumbai with experience in re-development of tenanted properties, the corporate is ready profit from the paucity of vacant land in SCM. Additional, on its right-product positioning, a robust pipeline and main Ebitda margins, premium valuations are anticipated for the corporate as a result of progress potential and powerful administration.
We provoke protection on the inventory with a Purchase ranking and a goal value of Rs 442, primarily based on discounted money stream methodology. At present market value of Rs 314, we perceive inventory is mispriced taking into account the bear case goal value of Rs 372/share the place launches of marquee initiatives are delayed.
Key dangers
Delay within the Suraj Vibe and Bandra challenge launches and supply; Geographical focus in SCM; Regulatory adjustments; Cyclical nature of the Business
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