The real estate rollercoaster

From grappling with rising inventory, the market now has swung to the opposite extreme, but reasons for the euphoria are unclear

Real estate has been a story of stress and trouble for many years in India. Of course, there have been large deals and regulatory advancements along the way, but the overall commentary has revolved around piled-up inventory, unsold flats, high debt of realtors, consumer activism, litigation, and developers falling by the wayside. The image of Noida’s Supertech tower being brought down in a spectacle of sorts in 2022 will probably remain among the most striking memories of Indian real estate gone wrong. And in an industry where corruption is no stranger, Unitech’s downfall and its promoters being sent to jail