Real Estate Sector Update - Residential Market To See Continued Recovery In FY22: ICICI Securities

Residential buildings stand in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

Real Estate Sector Update - Residential Market To See Continued Recovery In FY22: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We recently hosted Mr. Anuj Puri, Chairman of Anarock Property Consultants for a Fireside Chat on India’s residential real estate market. Key takeaways are:

1. residential sales have again picked up momentum in the second half of June 2021 and are back to levels seen in September 2020 (50% of pre-Covid-19 levels) and are set for a strong bounce back in H2 FY22 similar to the pattern seen in FY21;

2. the consolidation story in favour of larger, organised players is expected to accelerate further and pan-India market share for these developers is expected to increase to over 60% in FY23E from 40% in FY21.

Click on the attachment to read the full report:

ICICI Securities Real Estate Anarock Fireside Chat.pdf

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