Property: Gurgaon broker speak ::Kotak Securities, PDF link

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Property
India
Gurgaon broker speak. Key takeaways: (1) DLF continues to be the clear leader in
terms of brand perception, (2) UT’s brand has suffered due to slow execution (slow
pace of activity is evident as there are few workers on their sites). Brokers are avoiding
recommending the company’s projects to clients, and (3) Sobha has received muted
response as the brand is unknown in NCR and supporting infrastructure (expressway)
needs to be commissioned before sales can pick up.