Nuvama Bullish on Prestige Estates & Brigade: Factors

Nuvama, a financial firm, is optimistic about certain real estate companies, particularly Prestige Estates and Brigade.

They believe these companies are well-positioned to grow.

The real estate market is in a middle phase where sales growth is slowing down.

However, some companies are still doing well.

Nuvama highlights improved profitability for developers but notes rising inventory levels and more spending on land.

Despite this, debt levels are not worsening for many developers.