1. Indian real estate news

Consolidation in India’s residential real estate set to gain ground

Recent trends suggest that the home buyers prefer to buy homes in completed projects by those real estate owners who have delivered good products in the past.

This story is taken from Business Standard (source).

“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 that overall annual residential market sales value will remain similar to FY20 levels in FY23 and FY24,” said Adh­idev Chatto­padhyay, vice-president, equi­ty research, real estate, at ICICI Securities.

This suggests that unlisted buyers need to optimize their project operations for quality, compliance, and timelines to get into the bigger pie of market share for project delivery. It builds their credibility for their other and future projects which helps in their portfolio expansion.

Millennials are driving the home buying trends in India. Their home buying trends show that they trust the listed and established real estate owners more. It means that there is an opportunity for the new or less established residential property owners to deliver on the promise. It applies to many upcoming and promising housing societies and residential projects in Mohali Aerocity, on the Mohali Airport Road.

Do you like Tick Property Team's articles? Follow on social!
People reacted to this story.
Show comments Hide comments
Comments to: Consolidation in India’s residential real estate set to gain ground

Write a response

Your email address will not be published.

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Join us today!

Join us for real estate industry updates, news, new projects, trends, reports, and new property updates.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

La-Mer—one of the most promising commercial real estate projects on the PR7 road in Zirakpur that offers a unified and footfall-centric experience of shopping, dining, leisure, and entertainment. Zirakpur is one of the hottest commercial property investment destinations in the region. The huge and fast growing residential areas in Zirakpur and on the Mohali Airport […]
The modern practices in corporate India in many industries particularly in the IT and software, technology, and white collar corporate operations means that the commercial real estate projects had to adapt for their leasing strategy. Before the pandemic, office space was designed around the tenants’ experience for the facilities, security, utility, maintenance, parking, and so […]


There are no matching posts for this section.


This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]