The consolidation in residential real estate is set to go up further with the market share of big listed developers expe-cted 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 ...