[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The consolidation in residential real estate is set to go up further with the market share of big
listed developers expected to grow over the next two to three years. This is because buyers
are leaning towards top listed brands.
The pan-Indian residential market share of the top listed developers will grow from 25 per
cent in FY21 to 29 per cent in FY24, said a recent report by ICICI Securities.
“Most developers in the listed space have aggressive launch plans from H2 of this financial
year and are looking to grow at a double-digit sales CAGR (compound annual growth rate)
over the next two-three years. This will lead to market share gains assuming that the industry
size remains stagnant. We assume that overall annual residential market sales value will
remain similar to FY20 levels in FY23 and FY24,” said Adhidev Chattopadhyay, vice-president,
equity research — real estate — at ICICI Securities.
Read more at:https://www.business-standard.com/article/companies/consolidation-in-india-s-residential-real-estate-set-to-gain-ground-121091500011_1.html
Have a nice day