 "Residential Realty, Real estate sector, Property market")
The consolidation in residential real estate is set to go up further with the market share of big listed developers expected 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 rate) over the next two-three years. This will lead to market share gains assuming that the industry size remains stagnant. We assume
