Real estate sales momentum to sustain after record Q2FY22 performance

Sharp rally in stocks, however, captures near term upsides, say analysts

The real estate sector is the biggest sectoral gainer over the past month, rising 27 per cent. This outperformance is stark: The second-best sector on the returns charts is the BSE Auto index with a 14 per cent gain; the benchmark is far behind with a low-single-digit performance.

Gains for realty players have come on the back of a strong second-quarter operational performance, falling inventory levels, and improving affordability that should keep demand momentum strong. The attractiveness of listed realty players has improved a notch, given that the ongoing consolidation has led to less competition and sizable market share gains for