Realty Sector Witnessing K-shaped Recovery; Smaller Players Losing Market Share: Report

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

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