UBS is optimistic about the Indian real estate sector, forecasting a 15% CAGR in residential pre-sales from FY24 to FY29, driven by high affordability, regulatory reforms, and demographic trends. The brokerage has set target prices of ₹2,175 for Prestige Estates and ₹1,005 for DLF, indicating significant upside potential, while assigning a 'Neutral' rating to Oberoi Realty with a target of ₹2,230. Despite potential near-term market softness, UBS encourages viewing dips as buying opportunities, highlighting a sustainable upcycle supported by strong fundamentals.