Business News›Industry›Services›Property / C'struction›Indian real estate sector headed for major consolidation
Indian real estate sector headed for major consolidation
Synopsis
Currently, top developers in the country account for merely 6-8% of the overall country sales and 9-12% of the market share in the key cities—leaving a lot more headroom to increase their market share, as several of their peers look to exit the business of real estate development.
BENGALURU: A wave of consolidation is imminent in the Indian real estate sector due to increasing capital intensity, lower return profiles, subdued prices, and a discerning consumer looking for branded players with lower execution risk, say industry experts. According to industry estimates across top 17 cities, the number of developers has more than halved post the demonstration, RERA and GST. The number of developers has further reduced from
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