India's resident real estate sector is poised for an upcycle, buoyed by the improved affordability, according to Motilal Oswal Financial Services Limited.
Decadal low interest rate regime and stagnant prices over the last seven years have driven the affordability quotient, as per MOFSL.
"The ongoing industry consolidation led by concentration of capital, 400-600 bp advantage in cost of funding for large developers and buyers' trust on organised developers will escalate growth for large listed developers," Motilal Oswal said.
The brokerage house stated that sustained strong demand and gradual price increase augur well for the industry in increasing the overall profit.
Mumbai News: 4 AC Local Trains On Western Line To Run as Non-AC Today Due To Technical Glitch
Barcelona Star Lamine Yamal’s 18th Birthday Party Sparks Outrage Over Alleged Use of Dwarf Performers: Report
Heavy Rain Lashes Mumbai, IMD Issues Nowcast Warning For City & Suburbs
Hyderabad: Here's How An Old Nokia Phone & Demonetised Notes Helped Identify A 10-Year-Old Skeleton
(With inputs from IANS)
