Listed real estate firms continue to do well, post 25% YoY sales growth in Q1FY22

All-India residential real estate sales across major cities in India increased 56% year-on-year to 75 mn sq. ft in Q1FY22 on the back of a lower base of 48 mn sq. ft due to the first wave of Covid-19. The impact of the second wave of Covid-19 was visible with sales declining sequentially from 179 mn sq. ft witnessed in Q4FY21, an analysis by Kotak Institutional Equities Research. Full story

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