The BSE Realty index has given a return of more than 25% in past one month, some consolidation in the near term for one or two months is likely.
Consolidated net debt of top 10 listed developers in India (ex-REITs) has come down by 37% to Rs 27,400 crore between Mar 2020 to Jun 2021
The minimum application amount in a REIT has also been reduced from Rs 50,000 to Rs 10,000-15,000 when a new IPO comes.
Markets are likely to continue trading rangebound as there is no fresh trigger which can take it above the crucial resistance zones
The market share of the top-10 listed developers has increased from 11% in 2011 to 27% in 2020 and is expected to improve further from here
Real Estate stocks were trading in green, with the S&P BSE Realty Index index increasing 39.55 points or 1.51% at 2659.61 at 09:49 IST.
Select realty players like Sobha, Indiabulls Realty, Mahindra Lifespace and DLF have gained between 150%-225% since March lows of 2020