A ‘K-shaped recovery’ is underway in the realty sector, where access to credit and demand consolidation has helped large players grow handsomely even as their smaller sized rivals struggle, a report said on Monday.
The smaller sized real estate companies’ woes will weigh heavily on the sector as a whole, domestic rating agency Icra said in its report, adding such players hold an 80 per cent market share.
The agency said the top-10 listed companies witnessed a 61 per cent growth in the December quarter, even as the broader market remained 24 per cent below the pre-COVID levels.
Source: Financial Express
