Brighter days ahead for grade 1 real estate players: Ind-Ra ANI | Updated: Mar 10, 2021 18:09 IST
Mumbai (Maharashtra) [India], Mar 10 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday that performance of residential real estate sector is expected to improve in FY22 from a weak base currently.
Grade I players are likely to see a surge in growth from a moderately strong base while non-grade I players are likely to see a reversal of sharp decline experienced in FY21.
Ind-Ra emphasised that overall sales in FY22 can still be around 14 per cent below FY20 level. It expects residential real estate sector to stage a sharp K-shaped recovery in FY22.