Wednesday, September 1, 2021
Recent weakness in India’s red-hot property stocks looks short-lived as record low-interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class.
That’s the view of analysts, who see large listed firms emerging as the biggest beneficiaries amid ongoing consolidation in the $200 billion sectors.
India’s property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis, and a surprise 2016 cash ban hurt demand for new houses and apartments.
Stronger sales and weak launches are leading to faster absorption of outstanding inventory and this favorable demand-supply situation has started to build a case for price increases, according to experts.
