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Below is Perspective on BSE Realty crossing the 4K level and Shriram Properties in its day 3 on the subscription by Mr. Sharad Agrawal, Executive Director - Capital Markets, Knight Frank India

“The market seems to have a clear sense that the real estate cycle that turned from the festive season is a durable one and that will continue for several years. In the cities that we cover, we clearly see the residential demand come back in a big way and sales in several cities are hitting decadal highs. We expect the demand to become broad based as the cycle progresses. We are also witnessing pricing power come back in the developers’ hands combined with strong volumes. This has led to a rerating of the sector which is driving the realty index”.

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