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NEWS

27
Jan
2017

Consolidation in realty sector to gain momentum post note ban: JLL

In the longer term, demonetisation move and the RERA would indeed transform the overall image of the Indian real estate sector, JLL India's Shobhit Agarwal said. The real estate sector is likely to witness further consolidation as property sales and demand have been affected post demonetisation, according to realty consultant JLL India. By 2021, the consultant expects that larger players would consolidate their positions even further while the number of smaller players would reduce considerably. "The government's demonetisation move is bound to lead to further consolidation in the overcrowded Indian real estate industry," JLL India Managing Director - Capital Markets Shobhit Agarwal said in a report.
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