Summary:
In 2024, India's real estate sector saw a surge in initial public offerings (IPOs), with 123 listings by October 20, surpassing all of 2023. These IPOs raised approximately Rs. 13,500 crore (US$ 1.62 billion), nearly doubling last year's total. This increase reflects robust economic optimism and strong market liquidity, enhancing corporate earnings and credibility.
The growth in the real estate IPO market is fueled by strong housing demand, increased office leasing, and rising tourism, boosting positive market sentiment. The BSE Realty Index has gained over 30% yearto-date, outperforming the Sensex, with over 90% of this year's IPOs oversubscribed. Key players like HFCs and REITs will continue to drive activity. Reductions in lending rates could further stimulate growth.
Source: IBEF
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