Key Points
While the Reserve Bank of India's repo rate pause will bring relief to the real estate sector, it may still be early to expect the sales of mid-sized and affordable homes to pick up, according to analysts..
India's residential real estate market grew over the past 18 months as the economy emerged from the coronavirus pandemic's shadow..
"The residential market breached a nine-year high in terms of annual sales in 2022 in an inflationary environment that caused increasing concerns on economic growth across the world," Knight Frank India said in a report..
All the segments are growing. But the rate of growth in the mid-sized and affordable homes segments lags that of super luxury, according to Gulam Zia, senior executive director at Knight Frank India...
With a conservative valuation, Elara is betting on Prestige Estates Projects Ltd., Sobha Ltd., Brigade Enterprises Ltd., Mahindra Lifespace Developers Ltd. and Oberoi Realty to deliver a 3050% returns in the next one to two years..
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