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| Siarhei Palishchuk/Unsplash |
Land Ahoy!
After seeing rough weather for almost 6 years, India’s real
estate market is showing signs of recovery. Resiliently battling unfavourable
events ranging from COVID-19, demonetisation and the NBFC crisis, the sector is
now seeing stronger sales owing to increased demand, thanks to low mortgage rates and a resurgent middle class. Also, fewer project launches are leading to faster
absorption of unsold inventory.
Some experts are also hinting that this favourable
demand-supply situation could have set the ball rolling towards price increases.
Talking about hot Indian property stocks, the article notes
that large listed firms are emerging as the biggest gainers amid the churn in
the $200 billion sector. While the S&P BSE Realty Index slid 3.1% in
August, the 10-firm index is up 24% this fiscal and on track for a sixth
straight quarterly gain.
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| The 10-Firm Realty Index is at near 52 week highs |