One global crisis to another. This probably sums up the story of the real estate sector in India. It was the global financial crisis of 2008, which hit the real estate sector very badly. It was the global covid crisis, which got it out from the dumps. Excess inventory, over leveraged balance sheets and weak demand were some of the factors which plagued the sector till 2020. Post that period, excess liquidity, the need to have a bigger house, companies having learnt lessons about what not to do when time is good probably defines the listed real estate sector in India.
