New Delhi [India], May 20: A significant chunk of home buyers seems to be reposing their faith on developers who have constantly demonstrated their ability to complete projects on time without compromising on quality standards, particularly on listed entities.
The Indian residential real estate sector has witnessed a strong surge in recent years, with the top 15 listed developers reporting a Compound Annual Growth Rate (CAGR) of 43 per cent in pre-sales from FY21 to FY24, reaching Rs 1.2 trillion, according to the Axis Capital report.
The residential segment continues to drive the Indian real estate market, which also reflects in the land deals it is generating. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land.