BSE Realty Index clocks 204% growth leaving other sectoral indices behind | SURFACES REPORTER Realty News Update

The last two years of Pandemic has been one of the best for BSE Realty Index as it clocked a massive 204% growth between 1st April 2020 to 12th Jan 2022 according to the research consultancy firm ANAROCK. A report by SURFACES REPORTER (SR).

The Rollercoaster ride

Despite the apprehensions with a Pandemic at large for the last two years, India’s economy has quickly rebounded evidenced by the GDP growth rate. As  per National Statistical Office (NSO) estimates, it can clock 9.2% in FY22 after contracting 7.3% in FY21. Of course, a lot depends on the broad-based impact of the currently active Omicron variant.Indian Stock Market

Since the pandemic outbreak, the Indian Stock Market suffered an initial decline like their global counterparts. However, the situation didn’t last longer and with the considerable liquidity infusion, higher returns came in many categories. Additionally, S&P BSE Sensex, the broad indicator of the stock market performance, once again crossed the 61,000 mark on 12th Jan 2022 and is 2.2X of 1st Apr 2020 - registering a 116% growth.

Anuj Puri, Chairman – ANAROCK Group, says “The S&P BSE Realty Index, an indicator of real estate companies’ performance on the bourses, grew 204% between 1st Apr 2020 to 12th Jan 2022, surpassing all sectoral indices’ returns as well as outperforming the broader market. Several unique developments helped boost real estate demand to such an extent that the Realty Index outperformed the other sectors as well as the broader market.”

As per ANAROCK Research, the market share of listed developers is rising, with their sales share of overall residential area sold across the top cities tripling from 6% in FY17 to 18% by H1 FY22.

Decisive factors for Realty Sector Growth

There are many factors that caused the residential demands to rise including the reliability of Indian consumers on large and reputed developers for which they don’t even shy away from shelling out a premium.

Also, the ownership of homes became a necessity in the Pandemic instead of a choice as people started to spend an unprecedented time at home. This too drove the demand for residential property. In addition, volatility in the prices of other investment avenue as compared to real estate and lower interest rates were also the driving force for the growth in real estate sector. The activeness of NRIs in the realty market also became a decisive factor.

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